OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-5269

AN ACT CONCERNING THE DIVESTMENT OF STATE FUNDS INVESTED IN COMPANIES DOING BUSINESS IN VENEZUELA.


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill is permissive. It is not expected to result in a fiscal impact to the state because it is anticipated that if the Treasurer chooses to disinvest any funds, they will be reinvested in other companies that will produce similar rates of return.

The Out Years

State Impact: None

Municipal Impact: None