OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

SB-399

AN ACT CONCERNING REPORTING REQUIREMENTS OF THE UNIVERSITY OF CONNECTICUT AND THE BOARD OF REGENTS FOR HIGHER EDUCATION REGARDING FINANCIAL AID.

As Amended by Senate "A" (LCO 6066), Senate "B" (LCO 6087), Senate "C" (LCO 6113)

Senate Calendar No.: 186


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Board of Regents for Higher Education

GF – Precludes Savings

See Below

See Below

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill precludes any anticipated savings in FY 16 and FY 17 to the Board of Regents for Higher Education (BOR) by not allowing for the closure of any campus or manufacturing program without legislative approval.

Additionally there is no fiscal impact to the state due to financial aid reporting requirements in the bill as the constituent units of higher education currently have the data and the expertise necessary to annually submit a report describing how financial aid was awarded to its undergraduate students in the previous academic year.

Senate “A” (LCO 6066) is technical and results in no fiscal impact.

Senate “B” (LCO 6087) precludes any potential savings in FY 16 and FY 17 to the BOR by prohibiting the closure of any campus of Middlesex Community College.

Senate “C” (LCO 6113) precludes any potential savings in FY 16 and FY 17 to the BOR by prohibiting the closure of any campus under its jurisdiction.

The Out Years

There is no fiscal impact in the out years due to the bill.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.