OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa sHB-6577 AN ACT CONCERNING THE STATE PROPERTIES REVIEW BOARD. Primary Analyst: DC 4/18/21 Contributing Analyst(s): CP, MR OFA Fiscal Note State Impact: Agency Affected Fund-Effect FY 22 $ FY 23 $ Legislative Mgmt. GF - Cost 100,000 100,000 State Comptroller - Fringe Benefits 1 GF - Cost 41,770 41,770 Note: GF=General Fund Municipal Impact: None Explanation The bill moves the State Properties Review Board's (SPRB) from the executive branch, under the Department of Administrative Services (DAS) to the Office of Legislative Management (OLM). The bill expands the scope of the SPRB's work to include reviewing and approving numerous additional property transactions. The bill reduces, from $100,000 to $25,000, the cost threshold of construction services consultant contracts entered into by the DAS that require SPRB review. This will require an additional Real Estate Examiner position at $100,000 plus fringe benefits of $41,770 annually. The bill expands the SPRB's authority to include real estate property transactions made by state agencies using general obligation (GO) 1 The fringe benefit costs for most state employees are budgeted centrally in accounts administered by the Comptroller. The estimated active employee fringe benefit cost associated with most personnel changes is 41.77% of payroll in FY 22 and FY 23. 2021HB-06577-R000505-FN.DOCX Page 2 of 2 bonds, including the farmland development program administered by the Department of Agriculture (DoAg), quasi-public agencies, and certain transactions entered into by the Department of Transportation. This has no impact to DoAg as it codifies current practice. The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.