OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-5441
AN ACT CONCERNING CLINICAL PLACEMENTS FOR NURSING
STUDENTS, THE ESTABLISHMENT OF REGISTERED
APPRENTICESHIPS FOR TEACHERS, REPORTING BY THE OFFICE
OF WORKFORCE STRATEGY, PROMOTION OF THE
DEVELOPMENT OF THE INSURANCE INDUSTRY AND A
STUDENT LOAN SUBSIDY FOR HIGH -DEMAND PROFESSIONS.
As Amended by House "A" (LCO 8392)
House Calendar No.: 173
Primary Analyst: SB 5/24/23
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 24 $ FY 25 $
Various State Agencies Various - See
Below
See Below See Below
Note: Various=Various
Municipal Impact: None
Section 1 creates a task force to develop a plan for establishing
clinical placements at State facilities for nursing students at public and
independent institutions of higher education, resulting in no fiscal
impact to the State because the task force has the expertise to carry out
the requirements of the bill.
Section 2 eliminates the sunset date of 10/1/25 for the Office of
Workforce Strategy (OWS) to provide an annual report on the workforce
training programs funded through the OWS. It is anticipated that OWS
can produce this report annually within existing resources. However,
the level of funding available for OWS’ workforce training programs in
is uncertain. The workforce training programs under OWS are primarily
funded through $70 million in American Rescue Plan Act (ARPA)
funds, which are required to be fully expended by the end of calendar 2023HB-05441-R010829-FN.DOCX Page 2 of 2
year 2026. In addition, $40 million in state General Obligation (GO) bond
funds have been authorized to support OWS’ workforce training
initiatives, of which $5 million has been allocated to date.
Section 3 requires the Insurance Commissioner to promote the
development and growth of the insurance industry in Connecticut,
including employment opportunities, which has no fiscal impact
because the Insurance Department can comply with the bill within
existing resources.
Sections 4 and 5 expand eligibility for a loan subsidy program
through the Connecticut Higher Education Supplemental Loan
Authority (CHESLA), which is anticipated to have no fiscal impact,
absent separate legislation providing additional funding for the
program. The program was financed through the authorization of $7
million of GO bonds, which were previously fully allocated by the State
Bond Commission in December of 2021. No change to debt service is
anticipated as all authorized bonds have been made available to the
program. The expanded eligibility could change the individuals able to
participate in the program, but not the total cost to the program.
Section 6 requires CHESLA to establish a new loan subsidy program
and Sections 7 and 8 expand a different loan subsidy program that is
being established in pending legislation (sHB 6689). The bill does not
appropriate funds or authorize bond funds for either purpose. Without
additional funding it is unclear how CHESLA would operate the
program, as they do not have funds available for this purpose.
House "A" strikes the underlying bill and its associated fiscal impact
and replaces it with the fiscal impact described above.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.