OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5266

AN ACT PERMITTING THE SUSPENSION OF ADMINISTRATIVE PENALTIES IMPOSED ON CERTAIN BUSINESS ENTITIES PURSUANT TO STATE AGENCY REGULATIONS.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 19 $

FY 20 $

Various State Agencies

GF - Various - Potential Revenue Loss

See Below

See Below

Note: GF=General Fund

Municipal Impact: None

Explanation

This bill allows any state agency to suspend certain civil penalties against any business entity for a first violation of agency regulations which is anticipated to result in a potential revenue loss to the state. The amount of revenue lost is dependent on the number of suspensions and the amount of civil penalties assessed. In FY 17 there was $1.5 million in civil penalties assessed statewide.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to the amount of civil penalties assessed.