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House Journal: Page 1718: Thursday, April 16, 1998

30   recertification of eligibility.  A nonrenewable term
31   of eligibility shall be for five years or for the
32   years the certificate is valid, whichever time period
33   is shorter.  In order to continue receipt of payments,
34   a recipient shall annually recertify eligibility.  It
35   is the intent of the general assembly to appropriate
36   not more than one million dollars from the general
37   fund for purposes of this program during the lifetime
38   of this program."
39     16.  By striking page 29, line 25, through page
40   30, line 6, and inserting the following:
41     "Sec. ___.  Section 261.25, Code Supplement 1997,
42   is amended by adding the following new subsection:
43     NEW SUBSECTION.  3A.  There is appropriated from
44   the general fund of the state to the commission for
45   each fiscal year the sum of ninety thousand dollars
46   for the industrial technology forgivable loan program
47   established in section 261.111.
48     Sec. ___.  NEW SECTION.  261.111  INDUSTRIAL
49   TECHNOLOGY FORGIVABLE LOAN PROGRAM.
50     1.  There is established an industrial technology

Page 5

 1   forgivable loan program to be administered by the
 2   college student aid commission.  An individual is
 3   eligible for the forgivable loan program if the
 4   individual meets all of the following conditions:
 5     a.  Is a resident of this state who is enrolled as
 6   a sophomore, junior, or senior in the area of
 7   industrial technology education at an institution of
 8   higher learning under the control of the state board
 9   of regents or an accredited private institution as
10   defined in section 261.9, or, is a resident of this
11   state who is enrolled in the area of industrial
12   technology at a community college in the state and the
13   credits for the coursework in industrial technology
14   are transferable to an institution of higher learning
15   under the control of the state board of regents, or to
16   an accredited private institution as defined in
17   section 261.9.
18     b.  Completes and files an application for an
19   industrial technology forgivable loan.  The individual
20   shall be responsible for the submission of the
21   parents' confidential statement for processing to both
22   the commission and the institution in which the
23   applicant is enrolling.
24     c.  Reports promptly to the commission any
25   information requested.
26     d.  Files a new application and parents'
27   confidential statement annually on the basis of which
28   the applicant's eligibility for a renewed industrial
29   technology forgivable loan will be evaluated and

© 1998 Cornell College and League of Women Voters of Iowa

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Last update: Fri Apr 17 14:40:04 CDT 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/01700/01718.html
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