Connecticut 2019 Regular Session

Connecticut House Bill HB07089 Compare Versions

Version 1 (Old)

Version 2 (New)

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7	6		General Assembly Raised Bill No. 7089
8	7		January Session, 2019
9	8		LCO No. 3758
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12	11		Referred to Committee on HIGHER EDUCATION AND
13	12		EMPLOYMENT ADVANCEMENT
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15	14
16	15		Introduced by:
17	16		(HED)
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20	21		AN ACT CONCERNING TH E FUNDING AND EXPANSION OF
21	22		CERTAIN ADVANCED MAN UFACTURING CERTIFICA TE PROGRAMS.
22	23		Be it enacted by the Senate and House of Representatives in General
23	24		Assembly convened:
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25	26		Section 1. (NEW) (Effective July 1, 2019) (a) As used in this section 1
26	27		and sections 2 and 3 of this act: 2
27	28		(1) "Public institution of higher education" means the institutions of 3
28	29		higher education identified in subdivision (2) of section 10a-1 of the 4
29	30		general statutes; 5
30	31		(2) "Qualifying advanced manufacturing certificate program" means 6
31	32		a for-credit or noncredit sub-baccalaureate advanced manufacturing 7
32	33		certificate program offered by a public institution of higher education 8
33	34		in which at least seventy-five per cent of the graduates of such 9
34	35		certificate program are employed in a field requiring such certificate in 10
35	36		the year following such students' graduation; and 11
36	37		(3) "Student cohort" has the same meaning as provided in section 12
37		-	10a-57a of the general statutes. 13
38		-	(b) The Board of Regents for Higher Education shall establish a 14 Raised Bill No. 7089
	38	+	10a-57a of the general statutes. 13 Raised Bill No. 7089
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	44	+	(b) The Board of Regents for Higher Education shall establish a 14
45	45		program to provide supplemental funding grants to public institutions 15
46	46		of higher education for the support or expansion of qualifying 16
47	47		advanced manufacturing certificate programs offered by such 17
48	48		institutions. Such program shall be administered in accordance with 18
49	49		the provisions of this section and sections 2 and 3 of this act. 19
50	50		(c) A public institution of higher education may submit an 20
51	51		application to the Board of Regents for Higher Education for a 21
52	52		supplemental funding grant under this section for each qualifying 22
53	53		advanced manufacturing certificate program offered by such 23
54	54		institution. An application shall be made at such time and in such 24
55	55		manner as the board prescribes. An application shall include, but need 25
56	56		not be limited to, documentation substantiating the employment rate 26
57	57		in the prior fiscal year of the graduates of the qualifying advanced 27
58	58		manufacturing certificate program in a field requiring such certificate 28
59	59		and an explanation of how the institution will use the supplemental 29
60	60		funding grant to support or expand the qualifying advanced 30
61	61		manufacturing certificate program. An institution that receives a 31
62	62		supplemental funding grant under this section shall use such grant for 32
63	63		the purpose of supporting or expanding the qualifying advanced 33
64	64		manufacturing certificate program. 34
65	65		(d) Not later than July 1, 2020, and annually thereafter, the Board of 35
66	66		Regents for Higher Education shall submit a request to the Department 36
67	67		of Revenue Services to segregate, in accordance with the provisions of 37
68	68		section 2 of this act, fifty per cent of the average income tax liability of 38
69	69		the preceding two student cohorts who graduate from qualifying 39
70	70		advanced manufacturing certificate programs and are employed in a 40
71	71		field requiring such certificate. To assist the Department of Revenue 41
72	72		Services in calculating the amount of income tax liability to be 42
73	73		segregated, the board shall provide the department with the following 43
74	74		data: (1) The average annual salary in the prior fiscal year for the 44
75	75		preceding two student cohorts who graduate from qualifying 45
76	76		advanced manufacturing certificate programs, which shall be based on 46
77	77		available Labor Department statistics of the average salary for 47 Raised Bill No. 7089
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84	83		occupations requiring such certificate, and (2) the total number of 48
85	84		graduates of the qualifying advanced manufacturing certificate 49
86	85		programs in the prior fiscal year who are employed in a field requiring 50
87	86		such certificate. 51
88	87		(e) Not later than March 1, 2021, and annually thereafter, the Board 52
89	88		of Regents for Higher Education shall submit a report, in accordance 53
90	89		with the provisions of section 11-4a of the general statutes, to the joint 54
91	90		standing committee of the General Assembly having cognizance of 55
92	91		matters relating to higher education and employment advancement 56
93	92		regarding the supplemental funding grant program for qualifying 57
94	93		advanced manufacturing certificate programs. Such report shall 58
95	94		include, but need not be limited to, the amount of funds deposited in 59
96	95		the advanced manufacturing certificate programs account established 60
97	96		pursuant to section 3 of this act, the graduation and salary data 61
98	97		described in subsection (d) of this section, the manner in which public 62
99	98		institutions of higher education have expended supplemental funding 63
100	99		grants and any recommendations for expansion of the supplemental 64
101	100		funding grant program. 65
102	101		(f) The Board of Regents for Higher Education may accept private 66
103	102		donations for the purposes of carrying out the provisions of this 67
104	103		section. Any private donations accepted by the board shall be 68
105	104		deposited in the advanced manufacturing certificate programs 69
106	105		account, established pursuant to section 3 of this act. 70
107	106		Sec. 2. (NEW) (Effective July 1, 2019) For purposes of the 71
108	107		supplemental funding grant program for qualifying advanced 72
109	108		manufacturing certificate programs established pursuant to section 1 73
110	109		of this act, for the taxable year commencing on or after January 1, 2020, 74
111	110		and each taxable year thereafter, the Commissioner of Revenue 75
112	111		Services shall use the qualifying advanced manufacturing certificate 76
113	112		programs data provided by the Board of Regents for Higher Education 77
114	113		pursuant to subsection (d) of section 1 of this act to calculate and 78
115	114		segregate an amount equal to fifty per cent of the average annual 79
116	115		income tax liability of the preceding two student cohorts who graduate 80 Raised Bill No. 7089
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123	121		from qualifying advanced manufacturing certificate programs 81
124	122		multiplied by the total number of graduates of the qualifying 82
125	123		advanced manufacturing certificate programs in the prior fiscal year 83
126	124		who are employed in a field requiring such certificate. The 84
127	125		commissioner shall annually deposit such segregated funds into the 85
128	126		advanced manufacturing certificate programs account established 86
129	127		pursuant to section 3 of this act. 87
130	128		Sec. 3. (NEW) (Effective July 1, 2019) There is established an 88
131	129		advanced manufacturing certificate programs account which shall be a 89
132	130		separate, nonlapsing account within the General Fund. Funds 90
133	131		segregated by the Commissioner of Revenue Services pursuant to 91
134	132		section 2 of this act and any private donations accepted pursuant to 92
135	133		subsection (f) of section 1 of this act shall be deposited in the account. 93
136	134		The moneys in said account shall be expended by the Board of Regents 94
137	135		for Higher Education for the purpose of providing supplemental 95
138	136		funding grants to public institutions of higher education that offer 96
139	137		qualifying advanced manufacturing certificate programs pursuant to 97
140	138		section 1 of this act. The State Treasurer shall invest the proceeds of the 98
141	139		account. Investment earnings, after paying any costs incurred by the 99
142	140		State Treasurer in administering the account, shall be credited to the 100
143	141		General Fund. On or before September 1, 20 20, and annually 101
144	142		thereafter, the State Treasurer shall notify said board of the total 102
145	143		amount deposited in the account. 103
146	144		This act shall take effect as follows and shall amend the following
147	145		sections:
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149	147		Section 1 July 1, 2019 New section
150	148		Sec. 2 July 1, 2019 New section
151	149		Sec. 3 July 1, 2019 New section
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153		-	HED Joint Favorable C/R FIN
	151	+	Statement of Purpose:
	152	+	To provide a means of additional funding for advanced manufacturing
	153	+	certificate programs that have a high graduate employment rate.
	154	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
	155	+	except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
	156	+	not underlined.] Raised Bill No. 7089
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