OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-1109
AN ACT CONCERNING THE CONVEYANCE OF A PARCEL OF
STATE LAND IN THE TOWN OF SOUTH WINDSOR.
Primary Analyst: EMG 5/28/21
Contributing Analyst(s):
Reviewer: CW
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 22 $
Resources of the Special Transportation Fund TF - Potential
Revenue Gain
837,900
Department of Transportation TF - Loss of Asset 837,900
Note: TF=Transportation Fund
Municipal Impact:
Municipalities Effect FY 22 $
South Windsor Cost See Below
South Windsor Gain of
Asset
See Below
Explanation
The bill conveys a specified parcel of land totaling approximately
7.08 acres from the Department of Transportation to the town of South
Windsor and specifies that the town must sell said parcels for
economic development purposes within five years and deposit the
proceeds of the sale in the Special Transportation Fund.
To the extent the parcel is sold by the town within five years, there
is anticipated to be a revenue gain to the Special Transportation Fund
equal to the selling price of the parcels (most recently valued at
$837,900) and the state would lose use of the asset.
The town of South Windsor would gain temporary use of an asset 2021SB-01109-R000767-FN.DOCX Page 2 of 2
until sold or it reverted to state custody and would pay the
administrative costs of the conveyance.
The land conveyance is subject to the review and approval of the
State Properties Review Board.