OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-1223
AN ACT CONCERNING THE STATE CONTRACTING STANDARDS
BOARD.
Primary Analyst: MT 4/12/23
Contributing Analyst(s): SB
Reviewer: EW
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 24 $ FY 25 $
UConn Health Ctr. Various - Cost 406,820 416,990
Note: Various=Various
Municipal Impact: None
Explanation
This bill has no fiscal impact on the Contracting Standards Board
(CSB). The CSB received additional FTE's in recent years to allow them
to meet existing state mandates, and could fulfill the requirements of
this bill within existing appropriations.
The bill, which applies the privatization law to the UConn Health
Center Finance Corporation, results in a cost to the UConn Health.
Under the bill the UConn Health Finance Corporation would be under
the authority of the State Contracting Standards Board (SCSB). Fulfilling
the requirements, including performing cost-benefit analyses, would
result in additional costs to UConn Health, associated with the need for
additional staff. It is anticipated that UConn Health has approximately
100 contracts annually that would require additional staff time because
of the bill.
UConn Health would incur additional costs of approximately
$406,820 in FY 24 associated with two Procurement/Contract Specialists
with an annual salary of $100,000 plus fringe benefits of $103,410 each, 2023SB-01223-R000572-FN.DOCX Page 2 of 2
and $416,990 in FY 24 associated with an annual salary of $102,500 and
corresponding fringe benefits of $105,995.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.