OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa HB-6931 AN ACT CONCERNING CONFLICTS OF INTEREST DUE TO AN EMPLOYER OTHER THAN THE STATE UNDER THE STATE CODE OF ETHICS. Primary Analyst: TM 3/11/25 Contributing Analyst(s): BP Reviewer: PR OFA Fiscal Note State Impact: Agency Affected Fund-Effect FY 26 $ FY 27 $ Resources of the General Fund GF - Potential Revenue Gain Minimal Minimal Note: GF=General Fund Municipal Impact: None Explanation The bill expands what constitutes a substantial conflict of interest under the State Code of Ethics for Public Officials and adds to what may be considered a false statement, resulting in a potential minimal revenue gain to the General Fund from fines. It is anticipated that few, if any, additional individuals will be charged under this bill. 1 The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to the number of offenses and related fines collected. 1 In FY 24, $1,000 was collected in fines for false statements under CGS 53a-157b.