TO: | Honorable Geanie Morrison, Chair, House Committee on Higher Education |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB1699 by Shapiro (Relating to financial aid to assist students with paying the costs of higher education.), As Engrossed |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | $0 |
2009 | ($8,142,750) |
2010 | ($17,099,775) |
2011 | ($24,687,800) |
2012 | ($25,922,190) |
Fiscal Year | Probable Savings/(Cost) from GENERAL REVENUE FUND 1 |
---|---|
2008 | $0 |
2009 | ($8,142,750) |
2010 | ($17,099,775) |
2011 | ($24,687,800) |
2012 | ($25,922,190) |
The bill modifies eligibility requirements for TEXAS grants as it pertains to convictions involving the possession or sale of a controlled substance. The bill would also require the Coordinating Board to distribute money in the B-on-Time account through the electronic funds transfer system that is maintained by the Texas Guaranteed Student Loan Corporation. The bill requires the Coordinating Board to conduct three studys. The bill requires the Coordinating Board, in consultation with student financial aid officers to conduct a feasibility study regarding the issuance of debit cards to students awarded financial aid. The Coordinating Board, in consultation with representatives from higher education institutions, would conduct a study on the impact of GPA as a requirement for financial aid and a feasibility study on linking the amount of TEXAS grant awards to completed course work. These provisions would implemented within existing resources.
The bill also creates the Texas Technology Grant pilot program. Funding for the Texas Technology Grant program would come from amount of money available for TEXAS grants and other appropriated amounts. In the Governor's Higher Education Proposal, a new Texas Technology Grant program was proposed. The proposal indicates that funding of $43.7 million would increase the number of electrical engineering, engineering technology and computer science graduates from 5,500 to 11,000 per year. The bill increases the semester credit hour requirements for the program from 30 SCH, which was the threshold in the Governor's Higher Education Proposal, to 60 SCH.
Source Agencies: | 781 Higher Education Coordinating Board
|
LBB Staff: | JOB, JSp, MN, RT, GO
|