House File 604 H-1156 Amend House File 604 as follows: 1 1. Page 17, after line 30 by inserting: 2 < Sec. ___. Section 261.9, Code 2013, is amended by 3 adding the following new subsection: 4 NEW SUBSECTION . 2A. “Eligible institution” means 5 an accredited private institution, an institution of 6 higher learning governed by the state board of regents, 7 or a community college established pursuant to chapter 8 260C. 9 Sec. ___. Section 261.9, subsections 3 through 5, 10 Code 2013, are amended to read as follows: 11 3. “Financial need” means the difference between 12 the student’s financial resources available, 13 including those available from the student’s parents 14 as determined by a completed parents’ confidential 15 statement, and the student’s anticipated expenses while 16 attending the accredited private eligible institution. 17 Financial need shall be redetermined at least annually. 18 4. “Full-time resident student” means an individual 19 resident of Iowa who is enrolled at an accredited 20 private eligible institution in a course of study 21 including at least twelve semester hours or the 22 trimester equivalent of twelve semester hours. “Course 23 of study” does not include correspondence courses. 24 5. “Part-time resident student” means an 25 individual resident of Iowa who is enrolled at an 26 accredited private eligible institution in a course 27 of study including at least three semester hours 28 or the trimester or quarter equivalent of three 29 semester hours. “Course of study” does not include 30 correspondence courses. 31 Sec. ___. Section 261.10, Code 2013, is amended to 32 read as follows: 33 261.10 Who qualified. 34 A tuition grant may be awarded to a resident of Iowa 35 who is admitted and in attendance as a full-time or 36 part-time resident student at an accredited private 37 eligible institution and who establishes financial 38 need. 39 Sec. ___. Section 261.13, Code 2013, is amended to 40 read as follows: 41 261.13 Annual grant. 42 A tuition grant may be made annually for the 43 fall, spring, and summer semesters or the trimester 44 equivalent. Payments under the grant shall be 45 allocated equally among the semesters or trimesters the 46 equivalent and shall be paid at the beginning of each 47 semester or trimester the equivalent upon certification 48 by the accredited private eligible institution that the 49 student is admitted and in attendance. If the student 50 -1- HF604.987 (2) 85 kh/tm 1/ 2 #1.

discontinues attendance before the end of any semester 1 or trimester the equivalent after receiving payment 2 under the grant, the entire amount of any refund due 3 that student, up to the amount of any payments made 4 under the annual grant, shall be paid by the accredited 5 private eligible institution to the state. 6 Sec. ___. Section 261.15, subsection 4, Code 2013, 7 is amended to read as follows: 8 4. Make an annual report to the governor and 9 general assembly, and evaluate the tuition grant 10 program for the period. The commission may require the 11 accredited private eligible institution to promptly 12 furnish any information which the commission may 13 request in connection with the tuition grant program. 14 Sec. ___. Section 261.25, subsections 2 and 5, Code 15 2013, are amended to read as follows: 16 2. There is appropriated from the general fund 17 of the state to the commission for each fiscal year 18 the sum of two million dollars for tuition grants 19 for students attending for-profit accredited private 20 institutions located in Iowa. A for-profit institution 21 which, effective March 9, 2005, or effective January 22 8, 2010, purchased an accredited private institution 23 that was exempt from taxation under section 501(c) 24 of the Internal Revenue Code, shall be an eligible 25 is a for-profit accredited private institution under 26 the tuition grant program. For purposes of the 27 tuition grant program, “for-profit accredited private 28 institution” means an accredited private institution 29 which is not exempt from taxation under section 30 501(c)(3) of the Internal Revenue Code but which 31 otherwise meets the requirements of section 261.9, 32 subsection 1 , paragraph “b” , and whose students were 33 eligible to receive tuition grants in the fiscal year 34 beginning July 1, 2003. 35 5. In the case of a qualified student who was 36 enrolled in an accredited private institution that 37 was exempt from taxation under section 501(c) of the 38 Internal Revenue Code and that was purchased by a 39 for-profit institution effective January 8, 2010, 40 and such qualified student continues to be enrolled 41 in the eligible institution in succeeding years, the 42 student shall continue to be eligible to receive funds 43 under subsection 1 without a change in the student’s 44 qualification status. > 45 2. By renumbering as necessary. 46 ______________________________ WESSEL-KROESCHELL of Story -2- HF604.987 (2) 85 kh/tm 2/ 2 #2.