Connecticut Seal

General Assembly

File No. 657

    February Session, 2014

Substitute House Bill No. 5048

House of Representatives, April 22, 2014

The Committee on Finance, Revenue and Bonding reported through REP. WIDLITZ of the 98th Dist., Chairperson of the Committee on the part of the House, that the substitute bill ought to pass.

This act shall take effect as follows and shall amend the following sections:

Section 1

July 1, 2014

New section

Sec. 2

July 1, 2014

12-743

Sec. 3

from passage

New section

Sec. 4

from passage

3-22f

Sec. 5

from passage

3-22g

Sec. 6

from passage

3-22h

Sec. 7

from passage

3-22m

Sec. 8

from passage

3-22n

Sec. 9

July 1, 2014

1-120

Sec. 10

July 1, 2014

1-124

Sec. 11

July 1, 2014

1-125

Sec. 12

July 1, 2014

10a-178

Sec. 13

July 1, 2014

New section

Sec. 14

July 1, 2014

10a-180

Sec. 15

July 1, 2014

10a-201

Sec. 16

July 1, 2014

10a-202

Sec. 17

July 1, 2014

10a-204

Sec. 18

July 1, 2014

Repealer section

FIN

Joint Favorable Subst.

 

Agency Affected

Fund-Effect

FY 15 $

FY 16 $

Department of Revenue Services

GF - Cost

75,000-80,000

None

Connecticut Student Loan Foundation

Other Funds – Cost

12,000,000

None

Treasurer

CHET Baby Scholars Trust Account - Revenue Gain

12,000,000

None

Yea

45

Nay

5

(04/01/2014)

TOP

1 This range of total annual asset-based fees is between 0.37% and 0.43%. This includes: (1) a Direct Plan Manager Fee of 0.18%, (2) an administrative fee of 0.01% and (3) the estimated underlying mutual fund expenses ranging between 0.19% and 0.24%.