Connecticut General Statutes
Chapter 187b - Connecticut Higher Education Supplemental Loan Authority
Section 10a-221. - Declaration of policy.

It is declared that, for the benefit of the people of the state, the increase of their commerce, welfare and prosperity and the improvement of their health and living conditions, it is essential that this and future generations of youths be given the fullest opportunity to learn and to develop their intellectual capacity and skills. It is recognized that costs connected with collegiate or postsecondary education are increasingly burdensome and that it is essential that students attending institutions for higher education or postsecondary education programs, and parents and others responsible for paying the costs thereof, be provided with lower cost financial assistance in order to help such students to achieve higher levels of learning and development of their intellectual capacity and skills. It is also recognized that Connecticut institutions for higher education should be provided with appropriate additional means to assist qualified students financially to achieve the required levels of learning and development of their intellectual capacity and skills. It is the purpose of this chapter and policy of the state to provide a measure of financial assistance to students in or from the state, their parents and others responsible for the costs of their education and an alternative method to enable Connecticut institutions for higher education to assist qualified students to attend such institutions, all to the public benefit and good, to the extent and manner provided herein.

(P.A. 82-313, S. 1, 28; P.A. 87-295, S. 1, 8; P.A. 06-196, S. 83; P.A. 22-41, S. 2.)
History: P.A. 87-295 provided that it is essential that students attending all institutions for higher education, rather than only institutions in the state be provided with lower cost financial assistance, added that the purpose of the chapter be to provide financial assistance to students from, as well as in, the state and made technical changes; P.A. 06-196 made technical changes effective June 7, 2006; P.A. 22-41 added references to postsecondary education and postsecondary education programs.

Structure Connecticut General Statutes

Connecticut General Statutes

Title 10a - State System of Higher Education

Chapter 187b - Connecticut Higher Education Supplemental Loan Authority

Section 10a-221. - Declaration of policy.

Section 10a-222. - Short title.

Section 10a-223. - *(See end of section for amended version and effective date.) Definitions.

Section 10a-224. - Executive director and board of directors of authority. Continuation of authority. Liability and indemnification.

Section 10a-225. - Powers of authority. Use of authority loans and grants. Reduction of principal and interest owed by participating institutions. Master promissory notes.

Section 10a-226. - Payment of expenses.

Section 10a-227. - Acquisition of property by authority.

Section 10a-228. - Conveyance of title to participating institutions.

Section 10a-229. - Notes of authority.

Section 10a-230. - Bonds.

Section 10a-231. - Trust agreement to secure bonds or notes.

Section 10a-232. - Payment of bonds or notes. Creation of special capital reserve funds.

Section 10a-233. - Fees.

Section 10a-234. - Use of bond proceeds and revenues.

Section 10a-235. - Enforcement of rights and duties.

Section 10a-236. - Tax exemption.

Section 10a-237. - Refunding bonds.

Section 10a-238. - Investment of funds.

Section 10a-239. - Bonds declared legal investments.

Section 10a-240. - Report of authority.

Section 10a-241. - Institutions of higher education authorized to take necessary action. Rate of interest.

Section 10a-242. - Employee benefits.

Section 10a-243. - Chapter supplemental to other laws. Power of authority not subject to supervision or regulation.

Section 10a-244. - Chapter independent of Connecticut Student Loan Foundation.

Section 10a-245. - Advisory committee.

Section 10a-246. - Obligations of borrower.

Section 10a-247. - Alliance District Teacher Loan Subsidy Program. Eligibility criteria and administrative guidelines.

Section 10a-247a. - Separate account for Alliance District Teacher Loan Subsidy Program. Use of funds.

Section 10a-248. - Certificate Loan Loss Reserve and Funding account.

Section 10a-249. - Reserved for future use.