Honorable Geanie Morrison, Chair, House Committee on Higher Education
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB3324 by Escobar (Relating to financial aid.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would create the Math/Science Teacher Preparation grant program, aimed at increasing the number of math and science teachers in Texas K-12 schools. The bill does not indicate the source or amount of funds for this new financial aid math/science teacher preparation grant program. Assuming that 50 students would qualify for the grants with an average award of $5,000 per year, the Higher Education Coordinating Board estimates the program would cost $250,000 per year.
Local Government Impact
No fiscal implication to units of local government is anticipated.