OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-344
AN ACT CONCERNING STATE CONTRACTING PRICE
PREFERENCES FOR VETERAN -OWNED BUSINESSES.
Primary Analyst: MR 3/29/22
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 23 $ FY 24 $
Various All Funds -
Potential Cost
See Below See Below
Note: All Funds=All Funds
Municipal Impact: None
Explanation
This bill allows the Department of Administrative Services (DAS) to
give up to a 10% price preference to certain businesses when awarding
open market orders or contracts to buy goods or services made from
certain recycled products. (A price preference is the percentage by
which a bid may be reduced when awarding a contract to the lowest
qualified bidder.)
A 10% price preference for certain recycled products may increase the
cost of certain contracts (or goods or services) if contracts that would
otherwise be awarded to the lowest qualified bidder are awarded to
other products instead.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation and contract terms.