OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-1261
AN ACT EXPANDING THE ALLIANCE DISTRICT EDUCATOR
AND COUNSELOR LOAN SUBSIDY PROGRAM AND THE HIGH
PRIORITY OCCUPATION LOAN SUBSIDY PROGRAM.
Primary Analyst: DD 3/14/25
Contributing Analyst(s): CF, EMG
Reviewer: JS
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 26 $ FY 27 $
Connecticut Higher Education
Supplemental Loan Authority
(CHESLA)
CHESLA - See
Below
See Below See Below
Note: CHESLA= Resources of CHESLA
Municipal Impact: None
Explanation
The bill makes changes to two programs administered by the
Connecticut Higher Education Supplemental Loan Authority
(CHESLA) that have no impact to the state. CHESLA is a quasi-public,
self-supporting state agency.
The bill: (1) expands the types of occupations eligible to participate
in the Alliance District Loan Subsidy Program; and (2) allows bonds
already allocated to CHESLA for the Alliance District Loan Subsidy
Program to also be used for the High Priority Occupation Loan Subsidy
Program. It is anticipated that CHESLA has sufficient program
resources to accommodate any increase in loan volume that occurs as a
result of the bill.
The bill does not increase funding to CHESLA or establish any new
funding sources for CHESLA or any programs it administers.
The Out Years 2025SB-01261-R000172-FN.DOCX Page 2 of 2
The annualized ongoing fiscal impact identified above would
continue into the future subject to the number of loans CHESLA awards.