OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa SB-490 AN ACT CONCERNING THE CONVEYANCE OF A PARCEL OF STATE LAND IN THE TOWN OF CHESHIRE FOR A SCHOOL BUS DEPOT. Primary Analyst: EMG 4/20/22 Contributing Analyst(s): Reviewer: MM OFA Fiscal Note State Impact: Agency Affected Fund-Effect FY 23 $ Correction, Dept. GF - Loss of Asset 291,894 Note: GF=General Fund Municipal Impact: Municipalities Effect FY 23 $ Cheshire Gain of Asset 291,894 Cheshire Cost See Below Explanation The bill conveys a parcel of land totaling approximately 3.26 acres from the Department of Correction to the town of Cheshire. The state would lose use of the asset (most recently valued at $291,894). The town of Cheshire would gain use of an asset and pay the administrative costs of the conveyance. The land conveyance is subject to the review and approval of the State Properties Review Board. The asset would revert to state control if the recipient does not use the land for specified purposes.