Text: SF02403 Text: SF02405 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. There is appropriated from the general fund of 1 2 the state to the college student aid commission for the fiscal 1 3 year beginning July 1, 2000, and ending June 30, 2001, the 1 4 following amount, or so much thereof as may be necessary, to 1 5 be used for the purpose designated: 1 6 For the teacher shortage forgivable loan program 1 7 established in section 261.111: 1 8 .................................................. $ 600,000 1 9 Sec. 2. Section 261.111, subsections 2 and 4, Code 1 10 Supplement 1999, are amended to read as follows: 1 11 2. The director of the department of education, in 1 12 consultation with the director of human services, shall 1 13 annually designate the areas in which teacher shortages are 1 14 anticipated. The director shall periodically conduct a survey 1 15 of school districts, accredited nonpublic schools, and 1 16 approved practitioner preparation programs to determine 1 17 current shortage areas and predict future shortage areas. The 1 18 director of human services shall periodically conduct a survey 1 19 of high-quality child care providers, as determined under 1 20 section 237A.30, subsection 1, to determine current and to 1 21 predict future preschool teacher shortage areas. 1 22 4. Forgivable loans to eligible students shall not become 1 23 due until after the student graduates or leaves school. The 1 24 individual's total loan amount, including principal and 1 25 interest, shall be reduced by twenty percent for each year in 1 26 which the individual remains an Iowa resident and is employed 1 27 in Iowa by a school district,oran accredited nonpublic 1 28 school, or a high-quality child care provider that is a holder 1 29 of the gold seal quality designation as provided in section 1 30 237A.30, as a practitioner in the teacher shortage area for 1 31 which the loan was approved. If the commission determines 1 32 that the person does not meet the criteria for forgiveness of 1 33 the principal and interest payments, the commission shall 1 34 establish a plan for repayment of the principal and interest 1 35 over a ten-year period. If a person required to make the 2 1 repayment does not make the required payments, the commission 2 2 shall provide for payment collection. 2 3 EXPLANATION 2 4 This bill makes an appropriation to the college student aid 2 5 commission from the general fund of the state for fiscal year 2 6 2000-2001 to support the teacher shortage forgivable loan 2 7 program. The bill also expands the program by permitting the 2 8 college student aid commission to forgive loans issued to 2 9 individuals who met the program eligibility requirements, 2 10 qualified for and received a loan, and who are employed within 2 11 the state by a high-quality child care provider that holds the 2 12 gold seal quality designation awarded by the department of 2 13 human services. 2 14 The bill instructs the director of human services to 2 15 periodically conduct a survey of high-quality child care 2 16 providers to determine current and to predict future preschool 2 17 teacher shortage areas. The bill also requires the director 2 18 of the department of education to consult with the director of 2 19 human services when designating current and predicting future 2 20 teacher shortage areas. The college student aid commission 2 21 uses the director's list of designated areas when determining 2 22 which individuals are eligible for forgivable loans under the 2 23 program. 2 24 LSB 6832XS 78 2 25 kh/gg/8
Text: SF02403 Text: SF02405 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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