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CT SB01400

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Banking Committee

Click for details

Origin

Senate

2025 General Assembly

AI Summary

  • Connecticut Health and Educational Facilities Authority must establish a low-interest loan program to finance child care services, effective October 1, 2025

  • Individual loans capped at $5,000, with a maximum aggregate borrowing limit of $25,000 per borrower

  • Loans must comply with the authority's underwriting policy and standards

  • Income-based repayment options required as part of available repayment plans

  • Received Joint Favorable report from the Banking Committee

Legislative Description

An Act Concerning A Child Care Services Loan Program.

Last Action

File Number 217

3/25/2025

Committee Referrals

Banking2/27/2025

Full Bill Text

No bill text available