Connecticut Seal

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House of Representatives

File No. 721

General Assembly

 

January Session, 2015

(Reprint of File No. 237)

Substitute House Bill No. 6915

 

As Amended by House Amendment

Schedule "A"

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

Section 1

October 1, 2015

New section

Sec. 2

October 1, 2015

New section

Sec. 3

July 1, 2016

New section

Sec. 4

July 1, 2016

New section

Sec. 5

July 1, 2016

New section

Sec. 6

July 1, 2016

New section

Sec. 7

July 1, 2016

New section

Sec. 8

July 1, 2016

New section

Sec. 9

July 1, 2016

New section

Sec. 10

July 1, 2016

New section

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Banking Dept.

BF - Potential Cost

See Below

See Below

Banking Dept.

BF (Student Loan Ombudsman account) - Revenue Gain

None

36,000 - 90,000

Student Loan Ombudsman Related Costs

 

FY 16 $

FY 17 $

Ombudsman salary

91,000

95,095

Fringe Benefit Costs1

75,466

78,862

Course Development

-

25,000

Total

166,466

198,957

 

Sources:

Core-CT Financial Accounting System

Yea

17

Nay

0

(03/10/2015)

TOP

1 The fringe benefit costs for employees funded out of other appropriated funds are budgeted within the fringe benefit account of those funds, as opposed to the fringe benefit accounts within the Office of the State Comptroller. The estimated active employee fringe benefit cost associated with most personnel changes for other appropriated fund employees is 82.91% of payroll in FY 16 and FY 17.