OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6930
AN ACT CONCERNING THE SOCIAL EQUITY COUNCIL'S
RECOMMENDATIONS REGARDING SOCIAL EQUITY PLANS,
STRATEGIC PLANNING, ETHICS, LICENSE RENEWAL FEES AND
FINANCIAL ASSISTANCE APPLICATIONS.
Primary Analyst: EW 4/4/25
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 26 $ FY 27 $
Social Equity Council CSEIF - Potential
Cost
Minimal Minimal
Resources of the General Fund GF - Potential
Revenue Gain
Minimal Minimal
Note: CSEIF=Cannabis Social Equity and Innovation Fund; GF=General Fund
Municipal Impact: None
Explanation
The bill makes various changes regarding the Social Equity Council
(SEC) which result in the following impacts.
Section 1 results in a potential minimal cost to the SEC by requiring
council members and staff to complete an ethics training course focused
on disproportionately impacted areas and the cannabis industry. The
cost may be mitigated to the extent that the Office of State Ethics can
provide these services.
This section has no fiscal impact by requiring the SEC to develop a
strategic plan and adopt a code of ethics. The SEC can accommodate
these requirements within existing resources.
Section 2 results in a potential minimal revenue gain to the General
Fund by allowing the SEC to approve a sale or change of ownership of
a business from one with social equity status to one without social 2025HB-06930-R000592-FN.DOCX Page 2 of 2
equity status. In such a case, the new licensee without social equity
status would no longer be eligible to pay reduced license renewal fees.
Any revenue gain is dependent upon the number of approvals the
SEC makes under this provision.
Section 3 has no fiscal impact by requiring the Department of
Economic and Community Development and the SEC to approve or
deny a completed application for the canna-business revolving loan
fund within 120 days after receiving the application.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation and subject to the number of
approved licensee status changes.