O F F I C E O F L E G I S L A T I V E R E S E A R C H
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PA 22-41—sSB 103
Higher Education and Employment Advancement Committee
AN ACT CONCERNING THE CONNECTICUT HEALTH AND
EDUCATIONAL FACILITIES AUTHORITY AND THE CONNECTICUT
HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY
SUMMARY: This act allows the Connecticut Higher Education Supplemental
Loan Authority (CHESLA) to issue other types of educational assistance in addition
to grants and loans by expanding the definition of “education assistance program”
to include any other form of financial assistance. The act also does the following:
1. eliminates a provision prohibiting the 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 (e.g., CHESLA), rather
than just the subsidiaries it has established to carry out its public purposes.
Additionally, the act authorizes the Connecticut Student Loan Foundation board
of directors to distribute excess funds to CHEFA or its subsidiaries to provide
financial assistance for students enrolled in a “postsecondary education program,”
which the act defines as a high-value certificate program approved by CHESLA.
Existing law already allows CHESLA to assist students enrolled in a high-value
certificate program (a noncredit sub-baccalaureate certificate program offered by a
higher education or private occupational school that the Chief Workforce Officer
determines meets the needs of employers in Connecticut).
The act also makes minor, technical, and conforming changes.
EFFECTIVE DATE: October 1, 2022