By Turner of Harris                                   H.B. No. 3301

         Line and page numbers may not match official copy.

         Bill not drafted by TLC or Senate E&E.

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the deferral of the payment of certain student loans

 1-3     owed by school district educators.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  The heading to Subchapter M, Chapter 61,

 1-6     Education Code, is amended to read as follows:

 1-7           SUBCHAPTER M.  REPAYMENT OR DEFERRAL OF CERTAIN TEACHER

 1-8                               EDUCATION LOANS

 1-9           SECTION 2.  Subchapter M, Chapter 61, Education Code, is by

1-10     adding Section 61.709 is amended to read as follows:

1-11           Sec. 61.709.  DEFERRAL OF STUDENT LOANS.  (a)  In addition to

1-12     any other loan repayment or deferral program operated by the board,

1-13     the board shall establish a program that allows a school district

1-14     employee who is an educator and who owes a student loan to this

1-15     state or an agency of this state, including the Texas Guaranteed

1-16     Student Loan Corporation, or to the United States or who owes a

1-17     student loan guaranteed by this state or an agency of this state,

1-18     including the Texas Guaranteed Student Loan Corporation, or by the

1-19     United States to defer the repayment of the loan, to the extent

1-20     allowed by applicable federal law, for a reasonable time determined

1-21     by the board as long as the person is employed full-time as an

1-22     educator by a school district.

 2-1           (b)  In this section, "educator" and "school district" have

 2-2     the meanings assigned by Section 5.001.

 2-3           SECTION 3.  This Act takes effect September 1, 1997.

 2-4           SECTION 4.  The importance of this legislation and the

 2-5     crowded condition of the calendars in both houses create an

 2-6     emergency and an imperative public necessity that the

 2-7     constitutional rule requiring bills to be read on three several

 2-8     days in each house be suspended, and this rule is hereby suspended.