Researcher: JC Page 1 4/28/22
OLR Bill Analysis
sSB 103 (File 212, as amended by Senate “A”)*
AN ACT CONCERNING THE CONNECTICUT HEALTH AND
EDUCATIONAL FACILITIES AUTHORITY AND THE CONNECTICUT
HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY.
SUMMARY
This bill authorizes the Connecticut Higher Education Supplemental
Loan Authority (CHESLA) to provide financial assistance to students
enrolled in postsecondary education programs and their parents (i.e.,
parents, legal guardians, or sponsors). In doing so, it allows these
students and parents to take out CHESLA loans and students to receive
grants, scholarships, fellowships, or other non-repayable assistance
from CHESLA. Under current law, CHESLA can only provide financial
assistance to (1) students attending in-state nonprofit higher education
institutions, or Connecticut residents attending a U.S. nonprofit higher
education institution, and (2) their parents.
Under the bill, a “postsecondary education program” means a high-
value certificate program that is approved by the authority.
This bill also does the following:
1. eliminates a provision prohibiting Connecticut Health and
Education Facilities Authority (CHEFA) from financing
purchases for higher education and health care institutions that
typically result in an operating charge (e.g., books, fuel, and
supplies); and
2. allows CHEFA to make loans and transfer money, real estate, and
personal property to any of its subsidiaries established by law,
rather than just the subsidiaries it has established to carry out its
public purposes (e.g., CHESLA).
2022SB-00103-R01-BA.DOCX
Researcher: JC Page 2 4/28/22
The bill also makes minor, technical, and conforming changes.
EFFECTIVE DATE: October 1, 2022
*Senate Amendment “A” (1) eliminates the underlying bill's
provisions expanding the project costs and types of projects CHEFA
may finance and (2) changes the definition of “postsecondary education
program”.
COMMITTEE ACTION
Higher Education and Employment Advancement Committee
Joint Favorable Substitute
Yea 22 Nay 0 (03/17/2022)