AN ACT CONCERNING AUTHORIZATION OF STATE GRANT COMMITMENTS FOR SCHOOL BUILDING PROJECTS AND CONCERNING CHANGES TO THE STATUTES CONCERNING SCHOOL BUILDING PROJECTS.

OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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sSB-402

AN ACT CONCERNING AUTHORIZATION OF STATE GRANT COMMITMENTS FOR SCHOOL BUILDING PROJECTS AND CONCERNING CHANGES TO THE STATUTES CONCERNING SCHOOL BUILDING PROJECTS.

AMENDMENT

LCO No.: 6267

File Copy No.: 613

Senate Calendar No.: 410

OFA Fiscal Note

State Impact:

Agency Affected	Fund-Effect	FY 09 $	FY 10 $
Education, Dept.	GOBonds - Cost	See Below	See Below

Note: GOBonds=General Obligation Bonds

Municipal Impact:

Municipalities	Effect	FY 09 $	FY 10 $
Watertown	Revenue Gain	See Below	See Below

Explanation

The amendment results in a future cost to the State Department of Education which in turn would be a future revenue gain to Watertown by making ineligible school construction costs now eligible. The fiscal impact would be dependent upon the actual project costs submitted by Watertown which would occur in a future fiscal year.

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.