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House Journal: Page 1719: Thursday, April 16, 1998

30   determined.
31     2.  Forgivable loans to eligible students shall not
32   become due until after the student graduates or leaves
33   school.  The individual's total loan amount, including
34   principal and interest, shall be reduced by twenty
35   percent for each year in which the individual remains
36   an Iowa resident and is employed by a school district
37   or an accredited nonpublic school as an industrial
38   technology teacher.  If the commission determines that
39   the person does not meet the criteria for forgiveness
40   of the principal and interest payments, the commission
41   shall establish a plan for repayment of the principal
42   and interest over a ten-year period.  If a person
43   required to make the repayment does not make the
44   required payments, the commission shall provide for
45   payment collection.
46     3.  There is created an industrial technology
47   forgivable loan repayment fund for deposit of payments
48   made by forgivable loan recipients who do not fulfill
49   the conditions of the forgivable loan program.
50   Notwithstanding section 8.33, moneys deposited in the

Page 6

 1   industrial technology forgivable loan repayment fund
 2   shall not revert to the general fund of the state at
 3   the end of any fiscal year but shall remain in the
 4   industrial technology forgivable loan repayment fund
 5   and be continuously available to make additional loans
 6   under the program.
 7     Sec. ___.  NEW SECTION.  261.112  INDUSTRIAL
 8   TECHNOLOGY FORGIVABLE LOAN ADMINISTRATION.
 9     1.  The college student aid commission shall
10   administer the industrial technology forgivable loan
11   program.  The amount of an industrial technology
12   forgivable loan shall not exceed three thousand
13   dollars annually, or the amount of the student's
14   established financial need, whichever is less.
15     2.  The interest rate for the forgivable loan shall
16   be equal to the interest rate collected by an eligible
17   lender under the Iowa guaranteed student loan program
18   for the year in which the forgivable loan is made.
19     Sec. ___.  Section 279.14, subsection 2, if enacted
20   by 1998 Iowa Acts, Senate File 2366, is amended by
21   striking the subsection and inserting in lieu thereof
22   the following:
23     2.  The determination of standards of performance
24   expected of school district personnel shall be
25   reserved as an exclusive management right of the
26   school board and shall not be subject to mandatory
27   negotiations under chapter 20.  Notwithstanding
28   chapter 20, objections to the procedures, use, or
29   content of an evaluation in a teacher termination

© 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/01700/01719.html
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