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House Journal: Page 1962: Tuesday, April 30, 1996

Page   3

 1   June 30, 1997, the following amount, or so much
 2   thereof as may be necessary, to be used for the
 3   purposes designated:
 4     For operating costs of the Stafford loan program
 5   including salaries, support, maintenance,
 6   miscellaneous purposes, and for not more than the
 7   following full-time equivalent positions:
 8  		 $	  4,596,739
 9  		 FTEs	      31.95
10     Sec. 3.  Notwithstanding the maximum allowed
11   balance requirement of the scholarship and tuition
12   grant reserve fund as provided in section 261.20,
13   there is appropriated from the scholarship and tuition
14   grant reserve fund to the college student aid
15   commission for the fiscal year beginning July 1, 1996,
16   and ending June 30, 1997, the funds remaining
17   following transfer, pursuant to section 261.20 for the
18   fiscal year ending June 30, 1995, which are to be
19   divided equally for purposes of the Iowa vocational-
20   tuition grants and the work study program.  Funds
21   appropriated in this section are in addition to funds
22   appropriated in section 261.25, subsection 3, and
23   section 261.85.
24     Sec. 4.  Not later than September 1, 1996, the
25   college student aid commission shall compile a list of
26   affected students receiving tuition grants during the
27   fiscal year beginning July 1, 1995, and who
28   transferred from a nonaccredited to an accredited
29   private institution for the fiscal year beginning July
30   1, 1996.  If the student meets all financial aid
31   criteria as set forth by the commission, the
32   transferring affected student may continue to receive
33   a tuition grant for the fiscal year beginning July 1,
34   1996.  The commission shall calculate the funds
35   remaining from tuition grants awarded to affected
36   students who do not transfer to an accredited private
37   institution in the fiscal year beginning July 1, 1996.
38   Notwithstanding section 261.25, subsection 1, the
39   first $200,000 of these funds shall be used for
40   national guard tuition aid as provided in section
41   261.21 as enacted by this Act, the next $115,000 shall
42   be used for enhanced forgiveable loans as provided in
43   this section, the next $100,000 shall be used for
44   chiropractic graduate student forgiveable loans as
45   provided in section 261.71, the next $15,000 shall be
46   used to provide grants to students who would meet the
47   requirements for receipt of a vocational-technical
48   tuition grant, but who are enrolled in a licensed
49   school of cosmetology arts and sciences under chapter
50   157, or a licensed barber school under chapter 158,

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/76GA/Session.2/HJournal/01900/01962.html
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