Text: H08571 Text: H08573 Text: H08500 - H08599 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2533 as follows:
1 2 #1. Page 1, by inserting after line 32 the
1 3 following:
1 4 "___. PRACTITIONER SHORTAGE LOAN PAYMENT PROGRAM
1 5 For purposes of providing forgivable loans under
1 6 the program established in section 261.111, if
1 7 enacted:
1 8 .................................................. $ 300,000"
1 9 #2. Page 28, by inserting after line 22 the
1 10 following:
1 11 "Sec. ___. NEW SECTION. 261.111 PRACTITIONER
1 12 SHORTAGE LOAN PAYMENT PROGRAM.
1 13 1. A practitioner shortage loan payment program is
1 14 established to be administered by the college student
1 15 aid commission as provided in this section. The
1 16 purpose of the loan payment program is to increase the
1 17 number of qualified teachers and administrators in
1 18 areas of the state experiencing a shortage of teachers
1 19 or administrators. An individual is eligible for the
1 20 program if the individual meets all of the following
1 21 conditions:
1 22 a. Is a resident of this state who is enrolled at
1 23 an institution of higher learning under the control of
1 24 the state board of regents or an accredited private
1 25 institution as defined in section 261.9.
1 26 b. Is enrolled in one or more of the subject areas
1 27 determined by the department of education as
1 28 experiencing a shortage of practitioners.
1 29 c. Has filed a loan application with the
1 30 commission.
1 31 d. Meets the requirements for a practitioner
1 32 shortage loan established in this chapter and by
1 33 administrative rule.
1 34 2. A practitioner shortage loan shall be awarded
1 35 for not more than the equivalent of two years and may
1 36 be awarded to an eligible individual under this
1 37 section if the individual agrees to serve as an
1 38 administrator for two years, or agrees to teach for
1 39 two years, in an area in this state that the
1 40 department of education has determined is experiencing
1 41 a shortage of practitioners. A loan awarded in
1 42 accordance with this section, and the interest that
1 43 accrues on the loan, shall not become due and payable
1 44 until one year after the individual graduates. If a
1 45 loan recipient submits evidence to the commission that
1 46 the recipient was employed as a practitioner in a
1 47 practitioner shortage area for a school year in
1 48 accordance with this section, fifty percent of the
1 49 principal amount of the loan and any interest accruing
1 50 on fifty percent of the principal amount of the loan
2 1 shall be canceled. If the recipient continues
2 2 employment as a practitioner in a practitioner
2 3 shortage area as provided in this section during the
2 4 next succeeding school year and submits evidence to
2 5 the commission of the continuation of employment as a
2 6 practitioner as agreed to in accordance with this
2 7 subsection, the recipient is not required to commence
2 8 repayment during that school year and at the end of
2 9 that school year the remaining principal amount of the
2 10 loan, and any interest accruing on the principal
2 11 amount of the loan, are canceled.
2 12 3. The interest rate on the loan shall be equal to
2 13 the interest rate collected by an eligible lender
2 14 under the Iowa guaranteed student loan program for the
2 15 year in which the loan is made.
2 16 4. The commission shall prescribe by rule the
2 17 terms of repayment. The commission shall set a final
2 18 date for submission of applications each year and
2 19 shall review the applications and inform the
2 20 recipients within a reasonable time after the
2 21 deadline.
2 22 5. The maximum loan a student is eligible to
2 23 receive annually is an amount equal to the tuition
2 24 rate established by institutions of higher learning
2 25 under the control of the state board of regents as
2 26 follows:
2 27 a. The annual resident undergraduate tuition rate
2 28 if the individual is enrolled in an approved
2 29 undergraduate practitioner preparation program.
2 30 b. The annual resident graduate tuition rate if
2 31 the individual is enrolled in an approved graduate
2 32 practitioner preparation program.
2 33 6. Eligible students may receive both a tuition
2 34 grant under this chapter and a practitioner shortage
2 35 loan.
2 36 7. A practitioner shortage loan payment fund is
2 37 established in the office of the treasurer of state
2 38 for deposit of payments made by loan recipients who do
2 39 not fulfill the cancellation conditions of the loan
2 40 program. Payments made by recipients on the loans
2 41 shall be used to supplement moneys appropriated to the
2 42 practitioner shortage loan payment program.
2 43 Notwithstanding section 8.33, moneys deposited in the
2 44 practitioner shortage loan payment fund shall not
2 45 revert to the general fund of the state at the end of
2 46 a fiscal year, but shall remain in the practitioner
2 47 shortage loan payment fund and be continuously
2 48 available to make additional loans under the program."
2 49 #3. By renumbering, relettering, and redesignating
2 50 as necessary.
3 1
3 2
3 3
3 4 MASCHER of Johnson
3 5 HF 2533.308 77
3 6 kh/cf/28
Text: H08571 Text: H08573 Text: H08500 - H08599 Text: H Index Bills and Amendments: General Index Bill History: General Index
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