OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6684
AN ACT CONCERNING THE CONVEYANCE OF A PARCEL OF
STATE LAND IN THE TOWN OF WILTON.
Primary Analyst: EMG 5/28/21
Contributing Analyst(s):
Reviewer: CW
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 22 $
Department of Transportation TF - Loss of Asset 1,345,000
Resources of the Special Transportation Fund TF - Potential
Revenue Gain
1,345,000
Note: TF=Transportation Fund
Municipal Impact:
Municipalities Effect FY 22 $
Wilton Change of
Asset
See Below
Wilton Cost See Below
Explanation
The bill conveys a parcel of land totaling approximately 3.15 acres
from the Department of Transportation to the town of Wilton.
The state would lose use of an asset (most recently valued at
$1,345,000). The town of Wilton would gain use of an asset and would
pay the administrative costs of the conveyance.
The bill does not require sale of the property once conveyed to the
town or limit the time frame of the conveyance based on a potential
sale, but does allow sale of the property for the specified purpose. To
the extent the town sells the parcel for the fair market value of the
property, there would be a revenue gain to the Special Transportation 2021HB-06684-R000765-FN.DOCX Page 2 of 2
Fund equal to the selling price and the town would lose use of the
asset.
The land conveyance is subject to the review and approval of the
State Properties Review Board.