Text: H01694 Text: H01696 Text: H01600 - H01699 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend the committee amendment, H-1618, to Senate
1 2 File 464, as amended, passed, and reprinted by the
1 3 Senate, as follows:
1 4 #1. Page 1, by inserting after line 46 the
1 5 following:
1 6 " . IOWA WORKER RETRAINING FORGIVABLE LOAN
1 7 PROGRAM
1 8 For the Iowa worker retraining forgivable loan
1 9 program as established in section 261.114:
1 10 .................................................. $ 1,750,000"
1 11 #2. Page 2, by inserting after line 41 the
1 12 following:
1 13 "Sec. . FISCAL YEAR 1999-2000 OCCUPATIONAL
1 14 SHORTAGE AREAS. Notwithstanding section 261.114,
1 15 subsection 2, for the fiscal year beginning July 1,
1 16 1999, and ending June 30, 2000, the Iowa workforce
1 17 development board, in consultation with the
1 18 departments of education and economic development and
1 19 the college student aid commission, shall designate
1 20 skill shortage areas for purposes of the Iowa worker
1 21 retraining forgivable loan program."
1 22 #3. Page 26, by inserting after line 16 the
1 23 following:
1 24 "Sec. . NEW SECTION. 261.114 IOWA WORKER
1 25 RETRAINING FORGIVABLE LOAN PROGRAM.
1 26 1. An Iowa worker retraining forgivable loan
1 27 program is established to be administered by the
1 28 college student aid commission. An individual is
1 29 eligible for the forgivable loan program if the
1 30 individual is a resident of this state who is enrolled
1 31 at a community college as established under chapter
1 32 260C, an institution of higher learning under the
1 33 control of the state board of regents, or an
1 34 accredited private institution as defined in section
1 35 261.9, in a designated skill area in which
1 36 occupational shortages are anticipated as determined
1 37 pursuant to subsection 2.
1 38 2. The governor's skills forecasting council shall
1 39 annually designate the skill areas in which
1 40 occupational shortages are anticipated. In
1 41 designating skills areas in which occupational
1 42 shortages are anticipated, the council shall consider
1 43 the quality of the jobs in the occupational shortage
1 44 area. In rating the quality of the jobs, the council
1 45 shall place greater emphasis on those jobs that have a
1 46 higher wage scale, have a lower turnover rate, are
1 47 full-time or career-type positions, provide
1 48 comprehensive health benefits, or have factors
1 49 associated with them that are indicative of jobs
1 50 higher in quality than jobs in other occupational
2 1 shortage areas.
2 2 3. Each applicant shall, in accordance with the
2 3 rules of the commission, do the following:
2 4 a. Complete and file an application, on forms
2 5 provided by the commission, for an Iowa worker
2 6 retraining forgivable loan. The individual shall be
2 7 responsible for the submission of the financial
2 8 information required for evaluation of the applicant's
2 9 need for a forgivable loan, on forms determined by the
2 10 commission.
2 11 b. File a new application and financial
2 12 information annually on the basis of which the
2 13 applicant's eligibility for a renewed forgivable loan
2 14 will be evaluated and determined.
2 15 4. Forgivable loans to eligible students shall not
2 16 become due until after the student graduates or leaves
2 17 school. The individual's total loan amount, including
2 18 principal and interest, shall be reduced by twenty-
2 19 five percent for each year in which the individual
2 20 remains an Iowa resident and is employed in Iowa in
2 21 the skill shortage area for which the loan was
2 22 approved. If the commission determines that the
2 23 person does not meet the criteria for forgiveness of
2 24 the principal and interest payments, the commission
2 25 shall establish a plan for repayment of the principal
2 26 and interest over a five-year period. If a person
2 27 required to make the repayment does not make the
2 28 required payments, the commission shall provide for
2 29 payment collection.
2 30 5. The amount of an Iowa worker retraining
2 31 forgivable loan shall not exceed one thousand five
2 32 hundred dollars annually, or the amount of the
2 33 student's established financial need, whichever is
2 34 less. However, if the loan amount approved by the
2 35 commission exceeds the student's expenses for tuition,
2 36 room and board, and mandatory fees, the balance shall
2 37 be distributed to the student for whom the loan was
2 38 made. However, the commission may exceed the maximum
2 39 loan amount based upon the demand for loans or an
2 40 extraordinary demand for trained workers in a skill
2 41 shortage area.
2 42 6. The commission shall prescribe by rule the
2 43 interest rate for the forgivable loan.
2 44 7. An Iowa worker retraining forgivable loan fund
2 45 is created for deposit of payments made by forgivable
2 46 loan recipients who do not fulfill the conditions of
2 47 the forgivable loan program, or by businesses who wish
2 48 to contribute financial assistance on behalf of
2 49 current or former employees. Notwithstanding section
2 50 8.33, moneys deposited in the fund shall not revert to
3 1 the general fund of the state at the end of any fiscal
3 2 year but shall remain in the forgivable loan fund and
3 3 be continuously available to make additional loans
3 4 under the program. Notwithstanding section 12C.7,
3 5 subsection 2, interest or earnings on moneys deposited
3 6 in the Iowa worker retraining forgivable loan fund
3 7 shall be credited to the fund.
3 8 8. The commission shall adopt rules for
3 9 determining financial need, defining tuition and
3 10 mandatory fees, defining residence for the purposes of
3 11 this section, processing and approving applications
3 12 for loan forgiveness, and determining priority of loan
3 13 forgiveness. The commission shall give priority to
3 14 students who have the greatest demonstrated financial
3 15 need, who wish to upgrade their skills, and who are
3 16 earning not more than two dollars over the minimum
3 17 wage as established in section 91D.1. The commission
3 18 shall also give priority to a person whose present or
3 19 former employer contributes financial assistance as
3 20 provided in subsection 7 on behalf of the person, and
3 21 the level of priority shall be based upon the amount
3 22 of the present or former employer's contribution."
3 23 #4. By renumbering, relettering, and redesignating
3 24 as necessary.
3 25
3 26
3 27
3 28 WISE of Lee
3 29
3 30
3 31
3 32 MASCHER of Johnson
3 33
3 34
3 35
3 36 STEVENS of Dickinson
3 37
3 38
3 39
3 40 MERTZ of Kossuth
3 41
3 42
3 43
3 44 FREVERT of Palo Alto
3 45
3 46
3 47
3 48 HUSER of Polk
3 49
3 50
4 1
4 2 DODERER of Johnson
4 3
4 4
4 5
4 6 CHAPMAN of Linn
4 7
4 8
4 9
4 10 TAYLOR of Linn
4 11
4 12
4 13
4 14 FOEGE of Linn
4 15
4 16
4 17
4 18 HOLVECK of Polk
4 19
4 20
4 21
4 22 CHIODO of Polk
4 23
4 24
4 25
4 26 WITT of Black Hawk
4 27
4 28
4 29
4 30 WARNSTADT of Woodbury
4 31
4 32
4 33
4 34 BELL of Jasper
4 35
4 36
4 37
4 38 RICHARDSON of Warren
4 39
4 40
4 41
4 42 COHOON of Des Moines
4 43
4 44
4 45
4 46 LARKIN of Lee
4 47
4 48
4 49
4 50 BUKTA of Clinton
5 1
5 2
5 3
5 4 KUHN of Floyd
5 5
5 6
5 7
5 8 CONNORS of Polk
5 9
5 10
5 11
5 12 REYNOLDS of Van Buren
5 13
5 14
5 15
5 16 KREIMAN of Davis
5 17
5 18
5 19
5 20 WHITEAD of Woodbury
5 21
5 22
5 23
5 24 SHOULTZ of Black Hawk
5 25
5 26
5 27
5 28 FALCK of Fayette
5 29
5 30
5 31
5 32 OSTERHAUS of Jackson
5 33
5 34
5 35
5 36 SCHERRMAN of Dubuque
5 37
5 38
5 39
5 40 WEIGEL of Chickasaw
5 41
5 42
5 43
5 44 JOCHUM of Dubuque
5 45
5 46
5 47
5 48 DOTZLER of Black Hawk
5 49
5 50
6 1
6 2 MURPHY of Dubuque
6 3
6 4
6 5
6 6 BURNETT of Story
6 7
6 8
6 9
6 10 O'BRIEN of Boone
6 11
6 12
6 13
6 14 MUNDIE of Webster
6 15
6 16
6 17
6 18 FORD of Polk
6 19 SF 464.215 78
6 20 kh/gg
Text: H01694 Text: H01696 Text: H01600 - H01699 Text: H Index Bills and Amendments: General Index Bill History: General Index
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