OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-7212

AN ACT CONCERNING THE PROMOTION OF LOAN FORGIVENESS PROGRAMS.

As Amended by House "A" (LCO 7029)

House Calendar No.: 320


NO FISCAL IMPACT

The bill requires the Office of Higher Education (OHE) to compile and distribute information to public service employers, including local and regional boards of education, regarding two federal loan forgiveness programs. Since the compilation can be completed using existing federal materials, and distribution can be done electronically, it is anticipated that these tasks will not result in a fiscal impact.

Additionally, it is anticipated that the distribution of materials provided by OHE to newly hired teachers has no fiscal impact to municipalities (boards of education) as this can be done electronically.

House “A” strikes the underlying bill, which does not have a fiscal impact and replaces it with the fiscal impact mentioned above.

The Out Years

State Impact: None

Municipal Impact: None