78R15381 JSA-D
By: Chavez H.B. No. 2977
Substitute the following for H.B. No. 2977:
By: Jones of Dallas C.S.H.B. No. 2977
A BILL TO BE ENTITLED
AN ACT
relating to providing education loan repayment assistance to
encourage certain individuals to pursue careers in the faculty or
administration of institutions of higher education.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 56, Education Code, is amended by adding
Subchapter F to read as follows:
SUBCHAPTER F. DOCTORAL INCENTIVE LOAN REPAYMENT PROGRAM
Sec. 56.091. ESTABLISHMENT; ADMINISTRATION. (a) The Texas
Higher Education Coordinating Board shall establish and administer
the doctoral incentive loan repayment program as provided by this
subchapter and shall adopt rules as necessary to administer the
program.
(b) The purpose of the program is to provide education loan
repayment assistance to individuals from groups that are
underrepresented among the faculty and administration of public and
independent institutions of higher education in this state to
increase the number of individuals from those underrepresented
groups among the faculty and administration of public and
independent institutions of higher education in this state.
(c) For purposes of this subchapter, an individual is from a
group that is underrepresented among the faculty and administration
of public and independent institutions of higher education in this
state if the individual satisfies at least two of the following
criteria:
(1) the individual was from a low socioeconomic
background while pursuing the individual's undergraduate
education;
(2) the individual attended high school in an area
with a high school dropout rate significantly greater than the
state average; or
(3) when the individual graduated from high school the
individual resided in an area from which a disproportionately low
number of high school graduates enrolled in postsecondary
educational institutions.
Sec. 56.092. ELIGIBILITY. To be eligible for loan
repayment assistance under the program, an individual must:
(1) enter into an agreement with the coordinating
board to pursue full-time employment as a member of the faculty or
administration of a public or independent institution of higher
education in this state;
(2) be a Texas resident;
(3) be from a group that is underrepresented among the
faculty and administration of public and independent institutions
of higher education in this state; and
(4) comply with any other requirements adopted by the
coordinating board for the effective administration of the program.
Sec. 56.093. ELIGIBLE LOANS. The coordinating board may
provide repayment assistance under the program for the repayment of
any education loan received by an eligible individual through any
lender.
Sec. 56.094. LOAN REPAYMENT ASSISTANCE. (a) The
coordinating board may provide assistance in the repayment of an
eligible loan to an eligible individual in the amounts and under the
terms the coordinating board considers appropriate to further the
purposes of the program and the best interests of this state.
(b) An individual may receive loan repayment assistance
under the program in a total amount not to exceed $100,000.
Sec. 56.095. FUNDING; LIMITATION ON FUNDING. (a) The
program may be funded only from a source provided by this section.
The total amount of loan repayment assistance paid under the
program may not exceed the amount of money available for the program
under this section.
(b) Each institution of higher education shall set aside a
portion of the tuition collected from each student enrolled in a
doctoral degree program, other than a law or health professional
degree program, equal to $2 for each semester credit hour for which
the student is enrolled. The institution shall deliver the money
set aside to the coordinating board in the manner and at the time
prescribed by the coordinating board. The coordinating board shall
transfer the money to the comptroller to be maintained in the state
treasury for the sole purpose of providing loan forgiveness under
this subchapter and paying the costs of administering this
subchapter. The money may be used only for those purposes.
(c) The coordinating board may solicit and accept gifts and
grants from any public or private source for the purposes of the
program.
SECTION 2. 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 September 1, 2003.
SECTION 3. (a) The Texas Higher Education Coordinating
Board shall award loan repayments under the doctoral incentive loan
repayment program established under Subchapter F, Chapter 56,
Education Code, as added by this Act, beginning with the 2004 fall
semester.
(b) The Texas Higher Education Coordinating Board shall
adopt the initial rules for awarding loans under the doctoral
incentive loan repayment program established under Subchapter F,
Chapter 56, Education Code, as added by this Act, as soon as
practicable after the effective date of this Act. The coordinating
board may adopt those initial rules in the manner provided by law
for emergency rules.