OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-6652

AN ACT IMPLEMENTING THE REVENUE ITEMS IN THE BUDGET AND MAKING BUDGET ADJUSTMENTS, DEFICIENCY APPROPRIATIONS, CERTAIN REVISIONS TO BILLS OF THE CURRENT SESSION AND MISCELLANEOUS CHANGES TO THE GENERAL STATUTES.

AMENDMENT

LCO No.: 8561

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 12 $

FY 13 $

Education, Dept.

GOBonds - Revenue Gain

Significant

Significant

Note: GOBonds=General Obligation Bonds

Municipal Impact:

Municipalities

Effect

FY 12 $

FY 13 $

Local and Regional School Districts

Cost

Significant

Significant

Explanation

The amendment strikes sections 128 - 130 which would allow the Commissioner of Construction Services to waive any audit deficiencies found during an audit if the Commissioner determines that it is in the best interest of the state to do so. This results in a significant revenue gain to the state and a significant cost to local and regional school districts. In FY 08 the Office of the Internal Auditor within the State Department of Education recouped $11.65 million in audit related adjustments corresponding to various school construction projects. SDE recouped $12 million in FY 09 and $16.7 million in FY 10.

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. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.