House Amendment 1235


PAG LIN




     1  1    Amend the amendment, H=1223, to House File 816 as
     1  2 follows:
     1  3 #1.  Page 4, by inserting after line 15 the
     1  4 following:
     1  5    <#   .  Page 28, by inserting after line 25 the
     1  6 following:
     1  7    <If an accredited private institution has an
     1  8 average default rate of ten percent or more within the
     1  9 most recent consecutive three=year period as
     1 10 determined by the commission using the official cohort
     1 11 default rates for schools released annually by the
     1 12 United States department of education, the total
     1 13 amount of tuition grant moneys calculated by the
     1 14 commission for award to qualified students enrolled in
     1 15 the accredited private institution shall be reduced by
     1 16 one percent for each one=tenth of a percentage point
     1 17 in which the institution exceeds the ten percent
     1 18 default average.  The sum of the moneys retained by
     1 19 the commission as a result of the reduction shall be
     1 20 redistributed by the commission on a pro rata basis
     1 21 under the state student aid programs administered by
     1 22 the commission.>>
     1 23
     1 24
     1 25                               
     1 26 BOAL of Polk
     1 27
     1 28
     1 29                               
     1 30 ROBERTS of Carroll
     1 31
     1 32
     1 33                               
     1 34 ALONS of Sioux
     1 35
     1 36
     1 37                               
     1 38 FREEMAN of Buena Vista
     1 39
     1 40
     1 41                               
     1 42 RAECKER of Polk
     1 43
     1 44
     1 45                               
     1 46 KAUFMANN of Cedar
     1 47 HF 816.713 81
     1 48 kh/gg/2360
   1 49
   1 50

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