OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-268

AN ACT INCREASING THE TERM LIMIT FOR LOANS UNDER THE TARGETED BROWNFIELD DEVELOPMENT LOAN PROGRAM.


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill has no fiscal impact by extending the term limits for loans under the Targeted Brownfield Loan program. The change is administrative in nature and is not anticipated to impact the number of loans provided through the program. The number of thirty-year loans is anticipated to be minimal.

Furthermore, the bill does not amend the authorization for General Obligation bonds that support the Targeted Brownfield Loan program and therefore has no impact on debt service costs.

The Out Years

State Impact: None

Municipal Impact: None

Source:

Department of Economic and Community Development