Connecticut § 10a-247a Separate account for Alliance District Educator and Counselor Loan Subsidy Program. Use of funds.

Connecticut Statutes

§ 10a-247a — Separate account for Alliance District Educator and Counselor Loan Subsidy Program. Use of funds.

Connecticut § 10a-247a

Title 10aState System of Higher Education

Ch. 187bConnecticut Higher Education Supplemental Loan Authority

This text of Connecticut § 10a-247a (Separate account for Alliance District Educator and Counselor Loan Subsidy Program. Use of funds.) 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-247a (2026).

Text

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 co

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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.

Legislative History

(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.