OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa sSB-920 AN ACT CONCERNING PUBLIC -PRIVATE PARTNERSHIPS. As Amended by Senate "A" (LCO 9004) House Calendar No.: 531 Senate Calendar No.: 261 Primary Analyst: PM 5/21/21 Contributing Analyst(s): DC Reviewer: MM OFA Fiscal Note State Impact: Agency Affected Fund-Effect FY 22 $ FY 23 $ Department of Transportation TF - Cost Potential Significant Potential Significant Note: TF=Transportation Fund Municipal Impact: None Explanation The bill reestablishes, through January 1, 2027, the governor’s authority to approve up to five public-private partnership (P3) project agreements, and limits that authority to the Department of Transportation (DOT). The bill eliminates provisions restricting P3 projects to revenue generating facilities and limiting the state’s share of project costs to 25%, which is expected to potentially significantly increase project costs to the state. The bill also requires DOT to limit, where possible, the use of consultants for P3 projects. The fiscal impact of this provision is uncertain and dependent on future actions by the department. Senate “A” eliminates the bill and its associated impact and results in the impact described above. The Out Years 2021SB-00920-R01-FN.DOCX Page 2 of 2 The annualized ongoing fiscal impact identified above would continue into the future subject to inflation and the terms of any P3 project agreements. 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.