78S30012 KEL-D
By: Morrison H.B. No. 73
A BILL TO BE ENTITLED
AN ACT
relating to the Texas B-On-time student loan program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 56.465(a), Education Code, as added by
Chapter 779, Acts of the 78th Legislature, Regular Session, 2003,
is amended to read as follows:
(a) The governing board of each institution of higher
education shall cause to be set aside five percent of the amount of
the tuition charged to a resident undergraduate student at the
institution under Section 54.0513 [that is] in excess of $46 per
semester credit hour. The amount of a student's tuition set aside
under this subsection is considered a part of the amount required to
be set aside from that tuition under Section 56.011 [the amount that
would have been charged to the student under that section for the
same semester or term in the 2002-2003 academic year].
SECTION 2. Section 8.02, Chapter 1266, Acts of the 78th
Legislature, Regular Session, 2003, is amended by adding Subsection
(f-1) to read as follows:
(f-1) In its review, the committee shall evaluate whether
students enrolled in private and independent institutions of higher
education should remain eligible to receive Texas B-On-time loans
under Subchapter Q, Chapter 56, Education Code. The committee
shall include the results of its evaluation in the report required
by Subsection (i) of this section.
SECTION 3. The change in law made by this Act to Section
56.465(a), Education Code, applies only to a semester or term that
begins on or after the effective date of this Act.
SECTION 4. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect on the 91st day after the last day of the
legislative session.