Conn. Gen. Stat. § 10a-22u
This is the official text of Conn. Gen. Stat. § 10a-22u, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 10a-22u. (Formerly Sec. 10-14i). Establishment of private career school student protection account. Treatment of overpayments and underpayments.
Official statutory text
(b) Payments required pursuant to subsection (a) of this section shall be a condition of doing business in the state and failure to make any such payment within thirty days following the date on which it is due shall result in the loss of authorization under section 10a-22f . Such authorization shall not be issued or renewed if there exists a failure to make any such payment in excess of thirty days following the date on which it is due.
(c) If an audit conducted by the Office of Higher Education determines that a school has paid into the private career school student protection account an amount less than was required, the school shall pay such amount plus a penalty of ten per cent of the amount required to the State Treasurer within thirty days of receipt of notice from the commissioner or the commissioner's designee of the amount of the underpayment and penalty.
(d) If an audit conducted by the Office of Higher Education determines that a school has paid into the private career school student protection account an amount more than was required, subsequent payment or payments by the school shall be appropriately credited until such credited payment or payments equal the amount of the overpayment.
(c) If an audit conducted by the Office of Higher Education determines that a school has paid into the private career school student protection account an amount less than was required, the school shall pay such amount plus a penalty of ten per cent of the amount required to the State Treasurer within thirty days of receipt of notice from the commissioner or the commissioner's designee of the amount of the underpayment and penalty.
(d) If an audit conducted by the Office of Higher Education determines that a school has paid into the private career school student protection account an amount more than was required, subsequent payment or payments by the school shall be appropriately credited until such credited payment or payments equal the amount of the overpayment.
Status: in_force · Read it on the official government site
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