Public Safety and Security Committee
JOINT FAVORABLE REPORT
Bill No.: HB-6394
AN ACT CONCERNING INTEREST ON LOTTERY SALES AGENT
Title: DELINQUENCY ASSESSMENTS.
Vote Date: 3/4/2021
Vote Action: Joint Favorable
PH Date: 3/2/2021
File No.:
Disclaimer: The following JOINT FAVORABLE Report is prepared for the benefit of the
members of the General Assembly, solely for purposes of information, summarization and
explanation and does not represent the intent of the General Assembly or either chamber
thereof for any purpose.
SPONSORS OF BILL:
Public Safety and Security Committee
REASONS FOR BILL:
This bill will reduce the interest charged to retail sales agents of the Connecticut Lottery from
compound interest to simple interest. This change will help those who are delinquent in their
responsibility to the state and are therefore not paying the state monies owed. The charge of
compound interest makes it difficult for many retail sales agents to pay off debt owed to the
state. This impacts how the state can collect revenue. Those who were delinquent prior to
July 1, 2021 can apply for a hardship waiver reducing the compound interest to simple. The
charge of compound interest makes it difficult for many retail sales agents to pay off the debt.
This bill will help to alleviate that problem.
RESPONSE FROM ADMINISTRATION/AGENCY:
Michelle Seagull, Commissioner of Consumer Protection, State of Connecticut
Commissioner Seagull is in support of this bill. The Commissioner appreciates that the
Public Safety Committee has raised this bill. This bill will clarify what CT Lottery Corp. is
calculating for interest charges for retail sales agents. The current compound interest charge
makes it prohibitive and sometimes impossible for lottery sales agents to pay off their debt to
the state and therefore making it difficult for the state to collect revenue owed.
NATURE AND SOURCES OF SUPPORT:
Robert T. Simmelkjaer I, Chairperson, Board of Directors and Gregory Smith, President
and CEO. Connecticut Lottery
CT Lottery Corp. supports this bill. Changing the current interest charge from compound to
simple interest will allow retail sales agents that are delinquent to pay the amount owed in full
and return delinquent assessments to the state. This proposed reduction will also help
debtors avoid liens on property for future use, this will further economic development
opportunities for our state.
NATURE AND SOURCES OF OPPOSITION:
None Expressed
Reported by: Bonnie Gray, Asst. Clerk Date: 03/12/2021
Page 2 of 2 HB-6394


Statutes affected:
Raised Bill: 12-569
PS Joint Favorable: 12-569
File No. 84: 12-569