Section 10a-247b - Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program. Eligibility criteria and administrative guidelines(a) For the purposes of this section, "authority loans" and "eligible loans" have the same meanings as provided in section 10a-223.(b) The Connecticut Higher Education Supplemental Loan Authority shall establish, subject to available funding in the account established and maintained pursuant to section 10a-247c, a Nursing, Mental Health Care and Emergency Medical Service Professionals Loan Subsidy Program for the purpose of subsidizing interest rates on authority loans issued to refinance eligible loans for health care professionals who (1) are actively employed in a clinical or an emergency medical service setting, (2) are (A) licensed pursuant to chapter 378, 378a, 383, 383a, 383b or 383c, or (B) certified as an emergency medical responder or emergency medical technician under the provisions of section 20-206ll or 20-206mm or as an advanced emergency medical technician by the Department of Public Health, and (3) meet the eligibility criteria established pursuant to subsection (c) of this section.(c) The Connecticut Higher Education Supplemental Loan Authority shall enter into a memorandum of agreement with the Commissioner of Education to establish eligibility criteria and administrative guidelines for the program established pursuant to subsection (b) of this section. Such eligibility criteria and guidelines shall include, but need not be limited to, (1) applicant eligibility criteria, (2) interest rate subsidies and principal limits on authority loans offered under the program, (3) a process for verifying that applicants are actively employed in a clinical or an emergency medical service setting, and (4) a requirement that an interest rate subsidy on an authority loan issued under the program be terminated if the subsidy recipient fails to meet the requirements of the program at any time during the term of such loan.Conn. Gen. Stat. § 10a-247b
Amended by P.A. 23-0070, S. 7 of the Connecticut Acts of the 2023 Regular Session, eff. 7/1/2023.Added by P.A. 23-0060, S. 1 of the Connecticut Acts of the 2023 Regular Session, eff. 7/1/2023.