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House Bill 2274 |
House Author: Cook, Byron, et al. |
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Effective: 9-1-05 |
Senate Sponsor: Carona |
House Bill 2274 amends the Education Code to continue the Texas Guaranteed Student Loan Corporation until September 1, 2017. In addition to including across-the-board sunset provisions, the bill increases the membership of the corporation's governing board to 11 members by including an additional gubernatorial appointee, and it specifies the qualifications required of each appointed member. The bill also requires each state agency that conducts higher education and financial aid outreach activities to enter into a memorandum of understanding with the corporation outlining how the parties to each agreement will coordinate their activities to maximize resources and avoid duplication, and it requires the corporation to report to the legislature before each regular legislative session on the level of demand for student financial aid for postsecondary education in this state.
The bill also requires the corporation to use appropriate technological solutions to improve its ability to perform its functions and to ensure the public's ability to interact with the corporation on the Internet. The bill requires each licensing agency to prepare and submit to the corporation a list of agency licensees to facilitate the corporation's identification and reporting of licensees who have defaulted on corporation-guaranteed student loans.