For the fiscal year ending June 30, 2014, and each fiscal year thereafter, the Department of Education shall establish the municipal aid for new educators grant program. On or before March first of each year, the program shall, within available appropriations, provide grants of up to two hundred thousand dollars to the local or regional board of education for an alliance district, as defined in § 10-262u, for the purpose of extending offers of employment to students who are enrolled in a teacher preparation program offered by a public or private institution of higher education, are graduating seniors and are academically in the top ten per cent of their graduating class.

Terms Used In Connecticut General Statutes 10-265o

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.