OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-443

AN ACT ESTABLISHING THE CONNECTICUT BLOCKCHAIN WORKING GROUP.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 19 $

FY 20 $

Department of Economic & Community Development

GF - Cost

200,000

None

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill results in the following:

Section 1 of the bill establishes a Connecticut Blockchain Working Group. This has no fiscal impact as PA 17-236 prohibits transportation allowances for task force members.

Section 2 appropriates $200,000 to the Department of Economic and Community Development for the development of the master plan on the blockchain industry by the working group.

The Out Years

The bill has a fiscal impact in FY 19 only as the bill provides an appropriation of $200,000 for that fiscal year solely.