CT SB00188

Requires the State Treasurer to reimburse towns from the Probate Court Administration Fund for expenses incurred in providing court facilities for probate districts (effective October 1, 2015).

Extends the health insurance premium tax exemption for municipal employees and retirees through July 1, 2015, and establishes a new permanent exemption for municipal health coverage contracts entered into on or after that date.

Authorizes distressed municipalities to establish scholarship funds through ordinance, with eligibility requirements including a minimum 2.5 GPA, full-time enrollment (12+ credit hours per semester), and mandatory pursuit of other grants and scholarships.

Permits distressed municipalities to issue bonds, notes, or other obligations to fund scholarship programs, with awards capped at the annual in-state tuition, room, board, and fees at the University of Connecticut at Storrs.

Prohibits public institutions of higher education from reducing financial aid to scholarship recipients under this program, except when federal law or regulation requires such reduction.