OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-24

AN ACT CONCERNING PROGRAM APPROVAL FOR INDEPENDENT INSTITUTIONS OF HIGHER EDUCATION.

AMENDMENT

LCO No.: 4974

File Copy No.: 13

Senate Calendar No.: 64

OFA Fiscal Note

NO FISCAL IMPACT

The amendment requires that in order for certain nonprofit independent institutions of higher education to be exempt from the Office of Higher Education's (OHE) approval process, they must have a financial responsibility score of less than 1.5 and must provide additional financial data to OHE. This procedural change will not impact the fiscal note contained in the underlying 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.