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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