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

Connecticut Statutes

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

Connecticut § 10a-241

Title 10aState System of Higher Education

Ch. 187bConnecticut Higher Education Supplemental Loan Authority

This text of Connecticut § 10a-241 (Institutions of higher education authorized to take necessary action. Rate of interest.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 10a-241 (2026).

Text

(a)Notwithstanding any other provision of law, any participating institution for higher education shall have the power to borrow money from the authority, make education loans and take all other actions and do such things as are necessary or convenient to consummate the transactions contemplated under this chapter.

(b)Notwithstanding the provisions of sections 37-4 and 37-6 , it shall be lawful:

(1)For the authority to establish, charge, contract for and receive any amount or rate of interest or compensation with respect to authority loans or education loans;

(2)to make authority loans or education loans at a rate of interest which may, during the life of such loans, be varied or revised upon such terms or conditions as may be established by the authority; and (3) for any Connecticut i

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(a) Notwithstanding any other provision of law, any participating institution for higher education shall have the power to borrow money from the authority, make education loans and take all other actions and do such things as are necessary or convenient to consummate the transactions contemplated under this chapter. (b) Notwithstanding the provisions of sections 37-4 and 37-6 , it shall be lawful: (1) For the authority to establish, charge, contract for and receive any amount or rate of interest or compensation with respect to authority loans or education loans; (2) to make authority loans or education loans at a rate of interest which may, during the life of such loans, be varied or revised upon such terms or conditions as may be established by the authority; and (3) for any Connecticut institution for higher education to charge, contract for and receive any amount or rate of interest or compensation, including amounts or rates of interest which may be varied or revised upon such terms or conditions as may be established by the institution, with respect to education loans.

Legislative History

(P.A. 82-313, S. 21, 28; P.A. 87-295, S. 7, 8.) History: P.A. 87-295 in Subdiv. (3) of Subsec. (b) substituted “Connecticut institution for” for “institution of”.