Connecticut 2025 Regular Session

Connecticut Senate Bill SB01400 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3		-	LCO 5470 1 of 2
	3	+	LCO No. 5470 1 of 2
4	4
5	5		General Assembly Raised Bill No. 1400
6	6		January Session, 2025
7	7		LCO No. 5470
8	8
9	9
10	10		Referred to Committee on BANKING
11	11
12	12
13	13		Introduced by:
14	14		(BA)
	15	+
15	16
16	17
17	18
18	19		AN ACT CONCERNING A CHILD CARE SERVICES LOAN PROGRAM.
19	20		Be it enacted by the Senate and House of Representatives in General
20	21		Assembly convened:
21	22
22	23		Section 1. (NEW) (Effective October 1, 2025) (a) The Connecticut Health 1
23	24		and Educational Facilities Authority shall establish a program to finance 2
24	25		low interest loans for child care services. A loan provided under the 3
25	26		program shall be made (1) for the purpose of providing financial 4
26	27		assistance for child care services, (2) in an amount not exceeding five 5
27	28		thousand dollars, provided no borrower under the program may 6
28	29		borrow an aggregate amount in excess of twenty-five thousand dollars, 7
29	30		and (3) in accordance with the authority's underwriting policy and 8
30	31		standards. The repayment options that the authority offers to borrowers 9
31	32		shall include income-based repayment options. 10
32	33		(b) A person applying for a loan under this section shall submit an 11
33	34		application in the form and manner prescribed by the authority. The 12
34	35		application shall contain such information as the authority deems 13
35		-	necessary to administer the program. 14 Raised Bill No. 1400
	36	+	necessary to administer the program. 14
	37	+	Raised Bill No. 1400
36	38
37	39
38		-	LCO 5470 2 of 2
	40	+
	41	+	LCO No. 5470 2 of 2
39	42
40	43		This act shall take effect as follows and shall amend the following
41	44		sections:
42	45
43	46		Section 1 October 1, 2025 New section
44	47
45		-	BA Joint Favorable
	48	+	Statement of Purpose:
	49	+	To require the Connecticut Health and Educational Facilities Authority
	50	+	to establish a program to provide loans for child care services.
	51	+
	52	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
	53	+	that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
	54	+	underlined.]
46	55