OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5591

AN ACT CREATING THE CONNECTICUT RETIREMENT SECURITY PROGRAM.

AMENDMENT

LCO No.: 4878

File Copy No.: 303

House Calendar No.: 227

OFA Fiscal Note

NO FISCAL IMPACT

The amendment strikes section 501 of the underlying bill and its associated fiscal impact. The amendment does not result in a fiscal impact to the state or municipalities. The amendment prohibits certain members of the Connecticut Retirement Security Authority board of directors established in the underlying bill from soliciting contributions from or making contributions to various parties for political candidates and related political entities, including party committees. Lastly, the amendment includes a severability clause which is not anticipated to result in a fiscal impact to the state or municipalities.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.