Substitute House Bill No. 5254

Public Act No. 01-89

AN ACT CONCERNING THE CONNECTICUT INDEPENDENT COLLEGE STUDENT GRANT PROGRAM.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Section 10a-39 of the general statutes is repealed and the following is substituted in lieu thereof:

In administering sections 10a-36 to 10a-42a, inclusive, the Board of Governors of Higher Education shall annually request an appropriation for this program to be derived by: (1) Calculating the actual General Fund expenditures per full-time equivalent student at The University of Connecticut and in the Connecticut State University system, by taking the actual General Fund expenditures at The University of Connecticut and for the Connecticut State University system for the fiscal year two years prior to the grant year, as reported for higher education in the annual report on the state budget prepared by the Office of Fiscal Analysis, and dividing by the number of full-time equivalent students enrolled at The University of Connecticut and in the Connecticut State University system during said year as determined by the Board of Governors of Higher Education; (2) calculating the number of full-time equivalent undergraduate Connecticut students enrolled at Connecticut independent colleges and universities during the fall semester of said fiscal year; and (3) multiplying the number of full-time equivalent undergraduate Connecticut students at Connecticut independent colleges by (A) twelve and three-tenths per cent of the actual General Fund expenditures per full-time equivalent student at The University of Connecticut and in the Connecticut State University system, as calculated in subdivision (1) of this section for appropriations made for the fiscal year ending June 30, 1988, [and by] (B) seventeen per cent of the actual General Fund expenditures per full-time equivalent student at The University of Connecticut and for the Connecticut State University system, as calculated in subdivision (1) of this section for appropriations made for the fiscal year ending June 30, 1989, and (C) twenty-five per cent of the actual General Fund expenditures per full-time equivalent student at The University of Connecticut and in the Connecticut State University system, as calculated in subdivision (1) of this section for appropriations made for the fiscal year ending June 30, 2004, and for each fiscal year thereafter.

Sec. 2. This act shall take effect July 1, 2001.

Approved June 6, 2001