Text: S05658 Text: S05660 Text: S05600 - S05699 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend the amendment, S-5631, to House File 2533, as
1 2 amended, passed, and reprinted by the House, as
1 3 follows:
1 4 #1. Page 1, by inserting after line 2 the
1 5 following:
1 6 "# . Page 1, by inserting after line 32 the
1 7 following:
1 8 "___. PRACTITIONER SHORTAGE LOAN PAYMENT PROGRAM
1 9 For purposes of providing forgivable loans under
1 10 the program established in section 261.111, if
1 11 enacted:
1 12 .................................................. $ 300,000""
1 13 #2. Page 3, by inserting after line 46 the
1 14 following:
1 15 "# . Page 28, by inserting after line 3 the
1 16 following:
1 17 "Sec. ___. NEW SECTION. 261.111 PRACTITIONER
1 18 SHORTAGE LOAN PAYMENT PROGRAM.
1 19 1. A practitioner shortage loan payment program is
1 20 established to be administered by the college student
1 21 aid commission as provided in this section. The
1 22 purpose of the loan payment program is to increase the
1 23 number of qualified teachers and administrators in
1 24 areas of the state experiencing a shortage of teachers
1 25 or administrators. An individual is eligible for the
1 26 program if the individual meets all of the following
1 27 conditions:
1 28 a. Is a resident of this state who is enrolled at
1 29 an institution of higher learning under the control of
1 30 the state board of regents or an accredited private
1 31 institution as defined in section 261.9.
1 32 b. Is enrolled in one or more of the subject areas
1 33 determined by the department of education as
1 34 experiencing a shortage of practitioners.
1 35 c. Has filed a loan application with the
1 36 commission.
1 37 d. Meets the requirements for a practitioner
1 38 shortage loan established in this chapter and by
1 39 administrative rule.
1 40 2. A practitioner shortage loan shall be awarded
1 41 for not more than the equivalent of two years and may
1 42 be awarded to an eligible individual under this
1 43 section if the individual agrees to serve as an
1 44 administrator for two years, or agrees to teach for
1 45 two years, in an area in this state that the
1 46 department of education has determined is experiencing
1 47 a shortage of practitioners. A loan awarded in
1 48 accordance with this section, and the interest that
1 49 accrues on the loan, shall not become due and payable
1 50 until one year after the individual graduates. If a
2 1 loan recipient submits evidence to the commission that
2 2 the recipient was employed as a practitioner in a
2 3 practitioner shortage area for a school year in
2 4 accordance with this section, fifty percent of the
2 5 principal amount of the loan and any interest accruing
2 6 on fifty percent of the principal amount of the loan
2 7 shall be canceled. If the recipient continues
2 8 employment as a practitioner in a practitioner
2 9 shortage area as provided in this section during the
2 10 next succeeding school year and submits evidence to
2 11 the commission of the continuation of employment as a
2 12 practitioner as agreed to in accordance with this
2 13 subsection, the recipient is not required to commence
2 14 repayment during that school year and at the end of
2 15 that school year the remaining principal amount of the
2 16 loan, and any interest accruing on the principal
2 17 amount of the loan, are canceled.
2 18 3. The interest rate on the loan shall be equal to
2 19 the interest rate collected by an eligible lender
2 20 under the Iowa guaranteed student loan program for the
2 21 year in which the loan is made.
2 22 4. The commission shall prescribe by rule the
2 23 terms of repayment. The commission shall set a final
2 24 date for submission of applications each year and
2 25 shall review the applications and inform the
2 26 recipients within a reasonable time after the
2 27 deadline.
2 28 5. The maximum loan a student is eligible to
2 29 receive annually is an amount equal to the tuition
2 30 rate established by institutions of higher learning
2 31 under the control of the state board of regents as
2 32 follows:
2 33 a. The annual resident undergraduate tuition rate
2 34 if the individual is enrolled in an approved
2 35 undergraduate practitioner preparation program.
2 36 b. The annual resident graduate tuition rate if
2 37 the individual is enrolled in an approved graduate
2 38 practitioner preparation program.
2 39 6. Eligible students may receive both a tuition
2 40 grant under this chapter and a practitioner shortage
2 41 loan.
2 42 7. A practitioner shortage loan payment fund is
2 43 established in the office of the treasurer of state
2 44 for deposit of payments made by loan recipients who do
2 45 not fulfill the cancellation conditions of the loan
2 46 program. Payments made by recipients on the loans
2 47 shall be used to supplement moneys appropriated to the
2 48 practitioner shortage loan payment program.
2 49 Notwithstanding section 8.33, moneys deposited in the
2 50 practitioner shortage loan payment fund shall not
3 1 revert to the general fund of the state at the end of
3 2 a fiscal year, but shall remain in the practitioner
3 3 shortage loan payment fund and be continuously
3 4 available to make additional loans under the
3 5 program.""
3 6 #3. By renumbering, relettering, and redesignating
3 7 as necessary.
3 8
3 9
3 10
3 11 TOM VILSACK
3 12 HF 2533.235 77
3 13 kh/jl/28
Text: S05658 Text: S05660 Text: S05600 - S05699 Text: S Index Bills and Amendments: General Index Bill History: General Index
© 1998 Cornell College and League of Women Voters of Iowa
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