Amend CSSB 215 (house committee printing) as follows:

(1)  On page 2, lines 3-4, strike "Subdivisions (2) and (3), Section 56.451, Education Code, are amended" and substitute "Section 56.451, Education Code, is amended by amending Subdivisions (2) and (3) and adding Subdivisions (4) and (5)".

(2)  On page 2, between lines 16 and 17, insert the following:

(3)  On page 2, between lines 22 and 23, insert the following appropriately numbered SECTION:

SECTION ____.  Section 56.453, Education Code, is amended to read as follows:

Sec. 56.453.  ADMINISTRATION OF PROGRAM; RULES. (a) Each eligible institution that sets aside a portion of the tuition charged to students of the institution under Section 56.465 shall administer the Texas B-On-time loan program for students enrolled at that institution and shall adopt rules for that purpose.

(b)  The coordinating board shall:

(1)  administer the Texas B-On-time loan program for students enrolled at eligible institutions that are private or independent institutions of higher education; and

(2)  [determine the repayment and other terms of a Texas B-On-time loan; and

[(3)] in consultation with the student financial aid officers of those eligible institutions, adopt any rules necessary to implement the program or this subchapter for students enrolled at those institutions.

(2)  [(b)     The coordinating board] may charge and collect a loan origination fee from a person who receives a Texas B-On-time loan awarded by the entity to be used by the entity [board] to pay for the operating expenses for making loans under this subchapter.

(d) [(c)] The total amount of Texas B-On-time loans awarded may not exceed the amount available in the applicable Texas B-On-time student loan account under Section 56.463.

(4)  Strike page 3, line 27, through page 4, line 2, and substitute the following:

(5)  comply with any additional nonacademic requirement adopted by the administering entity for the institution at which the student enrolls [coordinating board] under this subchapter.

(5)  On page 5, strike lines 1-2 and substitute the following:

(5)  complies with any additional nonacademic requirement adopted by the applicable administering entity [coordinating board].

(6)  On page 5, between lines 2-3, insert the following appropriately numbered SECTION:

SECTION ____.  Section 56.457, Education Code, is amended to read as follows:

Sec. 56.457.  WAIVER OF COURSE LOAD REQUIREMENT. (a) The applicable administering entity [coordinating board] shall adopt rules to allow a person who is otherwise eligible to receive a Texas B-On-time loan, in the event of a hardship or other good cause, to receive a Texas B-On-time loan while enrolled in a number of semester credit hours that is less than the number of semester credit hours required under Section 56.455 or 56.456, as applicable.

(b)  The administering entity [coordinating board] may not allow a person to receive a Texas B-On-time loan while enrolled in fewer than six semester credit hours.

(7)  On page 5, line 3, strike "(a) and (b)" and substitute "(a), (b), (e), and (f)".

(8)  Strike page 5, lines 5-12, and substitute the following:

(a)  The amount of a Texas B-On-time loan for a semester or term for a student enrolled full-time at an eligible institution other than an institution covered by Subsection (b)[, (c), or (d)] is an amount determined by the applicable administering entity [coordinating board] as the average [statewide] amount of tuition and required fees that a resident student enrolled full-time in a baccalaureate [an undergraduate] degree program would be charged for that semester or term at the eligible institution at which the student is enrolled [general academic teaching institutions].

(9)  On page 5, between lines 19 and 20, insert the following:

(e)  Not later than January 31 of each year, the coordinating board shall publish the amounts of each loan established by the board for each type of institution for which the coordinating board is the administering entity for the academic year beginning the next fall semester.

(f)  If in any academic year the amount of money in the statewide Texas B-On-time student loan account is insufficient to provide the loans to all eligible persons enrolled at institutions for which the coordinating board is the administering entity in amounts specified by this section, the coordinating board shall determine the amount of available money and shall allocate that amount to eligible institutions for which the coordinating board is the administering entity in proportion to the number of full-time equivalent undergraduate students enrolled at each institution. Each institution shall use the money allocated to award Texas B-On-time loans to eligible students enrolled at the institution selected according to financial need.

(10)  Insert the following appropriately numbered SECTIONS to the bill:

SECTION ____.  Section 56.460(a), Education Code, is amended to read as follows:

(a)  The coordinating board, in consultation with all eligible institutions, shall prepare materials designed to inform prospective students, their parents, and high school counselors about the program and eligibility for a Texas B-On-time loan. The coordinating board shall distribute to each eligible institution and to each school district a copy of the materials prepared [rules adopted] under this subchapter.

SECTION ____.  Subchapter Q, Chapter 56, Education Code, is amended by adding Section 56.4621 to read as follows:

SECTION ____.  Sections 56.463 and 56.464, Education Code, are amended to read as follows:

Sec. 56.463.  TEXAS B-ON-TIME STUDENT LOAN ACCOUNTS [ACCOUNT]. (a) The statewide Texas B-On-time student loan account is an account in the general revenue fund. The account consists of gifts and grants and legislative appropriations received under Section 56.464[, tuition set aside under Section 56.465,] and other money required by law to be deposited in the account.

[(b)] Money in the [Texas B-On-time student loan] account may be used only to pay any costs of the coordinating board related to the operation of the Texas B-On-time loan program and as otherwise provided by this subchapter.

Sec. 56.464.  FUNDING. (a) The coordinating board and each eligible institution may solicit and accept gifts and grants from any public or private source for the purposes of this subchapter.

(b)  The coordinating board may issue and sell general obligation bonds under Subchapter F, Chapter 52, for the purposes of this subchapter. An eligible institution that administers the program for students enrolled at that institution, or the university system of which the eligible institution is a component, may issue and sell bonds, establish any necessary interest and sinking funds, and provide appropriate security for those bonds, as necessary to administer the program for those students.

(c)  The coordinating board shall administer the program for students at eligible institutions for which the coordinating board is the administering entity using funds in the statewide Texas B-On-time student loan account established for those institutions under Section 56.463(a).

(d)  The legislature may appropriate money for the purposes of this subchapter.

SECTION ____.  Section 56.465, Education Code, is amended to read as follows:

Sec. 56.465.  TUITION SET ASIDE FOR PROGRAM; UNUSED SET-ASIDE MONEY. (a) The governing board of each institution of higher education that charges tuition under Section 54.0513 shall cause to be set aside five percent of the amount of the tuition charged to a resident undergraduate student at the institution under that section [Section 54.0513] 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.

(b)  The amount of tuition set aside under Subsection (a) shall be deposited to the credit of the Texas B-On-time student loan account established by the institution under Section 56.463(b) [56.463 or to the interest and sinking fund established by the coordinating board under Section 52.91(b) in accordance with the resolution of the board establishing such fund].

SECTION ____.  Subchapter Q, Chapter 56, Education Code, is amended by adding Section 56.466 to read as follows:

(11)  Renumber the SECTIONS of the bill appropriately.