House Amendment 8212


PAG LIN




     1  1    Amend House File 2527 as follows:
     1  2 #1.  Page 27, by inserting after line 28 the
     1  3 following:
     1  4    <Sec.    .  Section 261.35, subsection 2, Code
     1  5 2005, is amended to read as follows:
     1  6    2.  "Eligible borrower" means a person, or the
     1  7 parent of a person, who is a resident of this state
     1  8 and is enrolled or will be enrolled at an eligible
     1  9 institution within or without the state or who is a
     1 10 nonresident of this state and is enrolled or will be
     1 11 enrolled at an eligible institution within the state,
     1 12 or who is a resident of another state and is borrowing
     1 13 from an Iowa=based eligible lender and is enrolled or
     1 14 will be enrolled at an eligible institution within or
     1 15 without the state, or who has previously received a
     1 16 loan guaranteed by the commission.  All eligible
     1 17 borrowers must meet the eligibility requirements
     1 18 established by the commission.  The commission shall
     1 19 establish the qualifications for being a resident of
     1 20 this state; however, the qualifications shall not be
     1 21 more stringent than those established by the state
     1 22 board of regents.>
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     1 26 CHAMBERS of O'Brien
     1 27 HF 2527.506 81
     1 28 kh/je/4050
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