OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-991

AN ACT MAKING REVISIONS TO STATUTES CONCERNING THE DEPARTMENT OF ADMINISTRATIVE SERVICES.

AMENDMENT

LCO No.: 7642

File Copy No.: 620

Senate Calendar No.: 314


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Statewide (includes various state agencies)

All Funds - Potential Savings

See Below

See Below

Note: All Funds=All Funds

Municipal Impact:

Municipalities

Effect

FY 18 $

FY 19 $

Various Municipalities

Potential Savings

See Below

See Below

Explanation

The amendment raises the annual revenue threshold to qualify as a “small contractor” from fifteen million dollars to twenty million dollars. The expansion is expected to lead to an increase in the number of vendors eligible to apply for certification and bidding. To the extent a small contractor is the lowest qualified bidder for a project that they otherwise would not have been eligible to bid on, there may be a savings to the state and municipalities in the form of lower project costs.

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.