Sec. 10a-247. Alliance District Educator and Counselor Loan Subsidy Program. Eligibility criteria and administrative guidelines. (a) The Connecticut Higher Education Supplemental Loan Authority shall establish, subject to available funding pursuant to section 10a-247a, an Alliance District Educator and Counselor Loan Subsidy Program for the purpose of subsidizing interest rates on authority loans, as defined in section 10a-223, to teachers, paraeducators and school counselors who are employed in a district designated as an alliance district pursuant to section 10-262u and who meet the eligibility criteria as established by the authority and the Commissioner of Education.
(b) The authority shall enter into a memorandum of agreement with the Commissioner of Education to establish the eligibility criteria and administrative guidelines for the Alliance District Educator and Counselor Loan Subsidy Program. Such eligibility criteria and guidelines shall include, but need not be limited to, (1) applicant eligibility, (2) interest rate subsidies and principal limits on authority loans subject to the Alliance District Educator and Counselor Loan Subsidy Program, (3) the process for verifying the employment of applicants, and (4) the requirement that an interest rate subsidy through the Alliance District Educator and Counselor Loan Subsidy Program shall terminate for any subsidy recipient who ceases to meet the employment requirements of such program during the term of such recipient's loan from the authority.
(P.A. 21-62, S. 3; P.A. 23-70, S. 4.)
History: P.A. 21-62 effective July 1, 2021; P.A. 23-70 changed name of program from Alliance District Teacher Loan Subsidy Program to Alliance District Educator and Counselor Loan Subsidy Program and added paraeducators and school counselors to program, effective January 1, 2024.
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Sec. 10a-247a. Separate account for Alliance District Educator and Counselor Loan Subsidy Program. Use of funds. The Connecticut Higher Education Supplemental Loan Authority shall maintain a separate, nonlapsing account to hold funds for the Alliance District Educator and Counselor Loan Subsidy Program established pursuant to section 10a-247. The account shall contain any moneys required by law to be deposited in the account, including, but not limited to, any state appropriation or the proceeds from the sale of bonds issued for the purpose of section 10a-247. Moneys in the account shall be used (1) for the purposes of the Alliance District Educator and Counselor Loan Subsidy Program and for reasonable and necessary expenses for the administration of such program, (2) for the issuance of authority loans to refinance one or more eligible loans, and (3) to maintain a reserve held by the authority to cover any losses incurred by the authority from the issuance of such authority loans. For the purposes of this section, “authority loans” and “eligible loans” have the same meaning as provided in section 10a-223.
(P.A. 21-62, S. 4; P.A. 23-70, S. 5.)
History: P.A. 21-62 effective July 1, 2021; P.A. 23-70 changed name of program from Alliance District Teacher Loan Subsidy Program to Alliance District Educator and Counselor Loan Subsidy Program, effective January 1, 2024.
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Sec. 10a-247b. Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program. Eligibility criteria and administrative guidelines. (a) For the purposes of this section, “authority loans” and “eligible loans” have the same meanings as provided in section 10a-223.
(b) The Connecticut Higher Education Supplemental Loan Authority shall establish, subject to available funding in the account established and maintained pursuant to section 10a-247c, a Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program for the purpose of subsidizing interest rates on authority loans issued to refinance eligible loans for health care professionals who (1) are actively employed in a clinical or an emergency medical service setting, (2) are (A) licensed pursuant to chapter 378, 378a, 383, 383a, 383b or 383c, or (B) certified as an emergency medical responder or emergency medical technician under the provisions of section 20-206ll or 20-206mm or as an advanced emergency medical technician by the Department of Public Health, and (3) meet the eligibility criteria established pursuant to subsection (c) of this section.
(c) The Connecticut Higher Education Supplemental Loan Authority shall enter into a memorandum of agreement with the Commissioner of Education to establish eligibility criteria and administrative guidelines for the program established pursuant to subsection (b) of this section. Such eligibility criteria and guidelines shall include, but need not be limited to, (1) applicant eligibility criteria, (2) interest rate subsidies and principal limits on authority loans offered under the program, (3) a process for verifying that applicants are actively employed in a clinical or an emergency medical service setting, and (4) a requirement that an interest rate subsidy on an authority loan issued under the program be terminated if the subsidy recipient fails to meet the requirements of the program at any time during the term of such loan.
(P.A. 23-60, S. 1; 23-70, S. 7.)
History: P.A. 23-60 effective July 1, 2023; P.A. 23-70 added emergency medical service professionals to program, renamed program from Nursing and Mental Health Care Professionals Loan Subsidy Program to Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program and designated existing provisions of Subsec. (b)(2) as Subpara. (A) and added Subpara. (B) re certification requirements for emergency medical service professionals, effective July 1, 2023.
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Sec. 10a-247c. Account for Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program. Use of funds. The Connecticut Higher Education Supplemental Loan Authority shall establish and maintain a separate, nonlapsing account to hold funds for the Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program established pursuant to section 10a-247b. The account shall contain any moneys required by law to be deposited in the account, including, but not limited to, any state appropriation and the proceeds from the sale of any bonds issued for the purpose of section 10a-247b. Moneys in the account shall be expended by the Connecticut Higher Education Supplemental Loan Authority (1) for the purposes of the Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program established pursuant to section 10a-247b including, but not limited to, for reasonable expenses necessary to administer said program, (2) to issue authority loans under said program to refinance one or more eligible loans, and (3) to maintain a reserve, held by the authority, to cover any losses incurred by the authority in issuing authority loans under said program. For the purposes of this section, “authority loans” and “eligible loans” have the same meanings as provided in section 10a-223.
(P.A. 23-60, S. 2; 23-70, S. 8.)
History: P.A. 23-60 effective July 1, 2023; P.A. 23-70 renamed program from Nursing and Mental Health Care Professionals Loan Subsidy Program to Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program, effective July 1, 2023.
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Sec. 10a-247d. Police Officer Loan Subsidy Program. Eligibility criteria and administrative guidelines. Account and use of funds. (a) As used in this section:
(1) “Police officer” means a sworn member of a municipal police department;
(2) “Distressed municipality” has the same meaning as provided in section 32-9p;
(3) “Authority loans” has the same meaning as provided in section 10a-223; and
(4) “Eligible loans” has the same meaning as provided in section 10a-223.
(b) On and after July 1, 2024, the Connecticut Higher Education Supplemental Loan Authority shall establish, subject to available funding pursuant to subsection (d) of this section, a Police Officer Loan Subsidy Program for the purpose of subsidizing interest rates on authority loans to police officers who are employed in a distressed municipality and who meet the eligibility criteria as established by the authority.
(c) The Connecticut Higher Education Supplemental Loan Authority shall, in consultation with the Police Officer Standards Training Council, establish the eligibility criteria and administrative guidelines for the Police Officer Loan Subsidy Program. Such eligibility criteria and guidelines shall include, but need not be limited to, (1) applicant eligibility, (2) interest rate subsidies and principal limits on authority loans subject to the Police Officer Loan Subsidy Program, (3) the process for verifying the employment of applicants, and (4) the requirement that an interest rate subsidy through the Police Officer Loan Subsidy Program shall terminate for any subsidy recipient who ceases to meet the employment requirements of such program during the term of such recipient's loan from the authority.
(d) The Connecticut Higher Education Supplemental Loan Authority shall maintain a separate, nonlapsing account to hold funds for the Police Officer Loan Subsidy Program. The account shall contain any moneys required by law to be deposited in the account, including, but not limited to, any state appropriation or the proceeds from the sale of bonds issued for the purpose of the program. Moneys in the account shall be used (1) for the purposes of the Police Officer Loan Subsidy Program and for reasonable and necessary expenses for the administration of such program, (2) for the issuance of authority loans to refinance one or more eligible loans, and (3) to maintain a reserve held by the authority to cover any losses incurred by the authority from the issuance of such authority loans.
(P.A. 23-70, S. 6.)
History: P.A. 23-70 effective January 1, 2024.
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