Amend  the amendment, H-8327, to Senate File 2321, as amended, passed, and reprinted by the Senate, as follows:
   1.  Page 18, after line 33 by inserting: 
   <Sec. ___.  NEW SECTION.  261.115  Public service loan repayment program.
   1.  A public service loan repayment program is established to be administered by the commission.
   2.  An individual is eligible for the program if the individual is a resident of Iowa and is employed full-time by a public service organization located in Iowa. For purposes of this section, “public service organization” includes a state agency, an institution of higher education governed by the state board of regents, an area education agency, a school district, a public child or family service agency, a nonprofit organization that is exempt from taxation under section 501(a) of the Internal Revenue Code, or a private organization that is a not-for-profit business, a labor union, a partisan political organization, or an organization engaged in religious activities that provides any of the following secular services:
   a.  Emergency management.
   b.  Military service.
   c.  Public safety.
   d.  Law enforcement.
   e.  Public interest law services.
   f.  Early childhood education.
   g.  Public service for individuals with disabilities and the elderly.
   h.  Public health.
   i.  Public education.
   j.  Public library services.
   k.  School library or other school-based services.
   3.  Each applicant for loan repayment shall submit information requested by the commission in the manner required by the commission, including but not limited to an affidavit of employment verifying that the applicant meets the requirements of subsection 2.
   4.  The annual amount of loan repayment shall not exceed twenty percent of the individual’s total federally guaranteed Stafford loan amount under the federal family education loan program or the federal direct loan program, including principal and interest, whichever amount is less. The total amount of loan repayment to an individual pursuant to this subsection shall not exceed fifty thousand dollars. An individual shall be eligible to apply for the loan repayment program for not more than five years, but the individual has ten years to complete the employment requirements.
   5.  A public service loan repayment fund is created in the state treasury as a separate fund under the control of the commission. The fund shall consist of any moneys appropriated by the general assembly and any other moneys available to and obtained or accepted by the commission from the federal government or private sources for placement in the fund. Notwithstanding section 8.33, moneys deposited in the fund shall not revert to any fund of the state at the end of any fiscal year but shall remain in the fund and be continuously available for purposes of this section. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys deposited in the fund shall be credited to the fund.
   6.  The commission shall submit by January 1 annually a report to the general assembly listing the number of individuals who received loan repayment pursuant to this section during the most recent fiscal year, the types of public service organizations by which the program participants were employed, the amount paid to each program participant, and other information identified by the commission as indicators of outcomes from the program.>
   2.  Page 18, after line 45 by inserting: 
   <Sec. ___.  Section 262.9, subsection 9, Code Supplement 2011, is amended to read as follows:
   9.  Accept and administer trusts and may authorize nonprofit foundations acting solely for the support of institutions governed by the board to accept and administer trusts deemed by the board to be beneficial. Notwithstanding the provisions of section 633.63, the board and such nonprofit foundations may act as trustee in such instances.

Beginning July 1, 2013, the board shall require the foundations to ask each individual who makes a charitable donation to the foundation whether the donor will permit five percent of the amount donated to be set aside by the foundation for deposit into a scholarship fund for students enrolled at the institution for which the foundation is acting.
   Sec. ___.  Section 262.9, Code Supplement 2011, is amended by adding the following new subsection:
   NEW SUBSECTION.  36.  Develop and implement by July 1, 2014, a policy addressing the measures that institutions of higher education governed by the board shall take to provide financial literacy information, tools, and skills to the institutions’ students.
   Sec. ___.  Section 262.26, Code 2011, is amended to read as follows:
   262.26  Report of board.
   The board shall, biennially, at the time provided by law, report to the governor and the legislature such facts, observations, and conclusions respecting each of such institutions as in the judgment of the board should be considered by the legislature. Such report shall contain an itemized account of the receipts and expenditures of the board, and also the reports made to the board by the executive officers of the several institutions or a summary thereof, and shall submit budgets for biennial appropriations deemed necessary and proper to be made for the support of the several institutions and for the extraordinary and special expenditures for buildings, betterments, and other improvements.

Beginning July 1, 2013, reports submitted to the board by the executive officers of the institutions of higher education governed by the board pursuant to this section shall include but not be limited to the four-year, five-year, and six-year student graduation rates of the institutions.>
   3.  By renumbering as necessary.

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WESSEL-KROESCHELL of Story

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HEDDENS of Story