OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-936
AN ACT CONCERNING WORKFORCE DEVELOPMENT.
AMENDMENT
LCO No.: 9174
File Copy No.: 114
Senate Calendar No.: 99
Primary Analyst: SB 5/31/23
Contributing Analyst(s): (C)
OFA Fiscal Note
Cost
The amendment requires the Office of Higher Education, through the
private career school student protection account, to provide stipends to
certain graduates of Stone Academy and tuition refunds to certain
former students of the academy.
The amendment limits the aggregate amount of grants to graduates
to $150,000 and requires that payments must be made within two years.
This results in a cost to the private career school student protection
account, of up to $150,000; the current balance in the account is
approximately $2.4 million.
The amount spent on the tuition refunds is dependent on the number
of eligible former students and the determination of OHE. The
amendment allows OHE to provide a refund of up to 100 percent of
tuition that the student paid for certain courses.
The amendment allows the state to try to recover the costs of the
stipends and refunds from Stone Academy, which could offset the costs.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely
for the purposes of information, summarization and explanation and does not represent the intent of the General
Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of
informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.