TO: | Honorable Kel Seliger, Chair, Senate Committee on Higher Education |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | SB1720 by Patrick (Relating to the Texas Teach Corps Loan Repayment Assistance Program for undergraduate students who agree to teach in school districts in this state that have shortages of teachers in mathematics or science.), As Introduced |
Estimated Two-year Net Impact to General Revenue Related Funds for SB1720, As Introduced: an impact of $0 through the biennium ending August 31, 2015.
However, there would be a significant cost of ($5,128,708) in fiscal year 2017 and increasing to a cost of ($10,228,708) in fiscal year 2018 and continuing thereafter.
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2014 | $0 |
2015 | $0 |
2016 | ($91,940) |
2017 | ($5,128,708) |
2018 | ($10,228,708) |
Fiscal Year | Probable Savings/(Cost) from GENERAL REVENUE FUND 1 |
---|---|
2014 | $0 |
2015 | $0 |
2016 | ($91,940) |
2017 | ($5,128,708) |
2018 | ($10,228,708) |
Fiscal Year | Change in Number of State Employees from FY 2013 |
---|---|
2014 | 0.0 |
2015 | 0.0 |
2016 | 0.5 |
2017 | 0.5 |
2018 | 0.5 |
The bill would create the Texas Teach Corps Loan Repayment Assistance Program for undergraduate students who agree to teach in school districts that have teacher shortages in mathematics and science. Under provisions of the bill, the Higher Education Coordinating Board (Board) would establish and administer the program to undergraduate students who are enrolled in educator preparation programs and agree to teach for a specified period in the public schools that are determined by the Texas Education Agency to have shortages of teachers in mathematics and science. The bill includes specific eligibility requirements regarding the program including service and repayment provisions. Subject to the availability of funds, the amount of an assistance payment provided under the bill in any year to an eligible person is $5,000.
Under provisions of the bill, not more than 1,000 eligible persons may be provided loan repayment assistance year, for the 2016-17 academic year. The maximum number of eligible persons for the 2017-18 academic year and the 2018-19 academic year are 2,000 and 3,000 respectively. The maximum number of eligible persons that can be provided loan repayment assistance in any school year is 4,000. This section of the bill would expire January 1, 2020.
The bill would create the mathematics and science teacher investment fund. The fund is a dedicated account in the general revenue fund and consists of appropriations of money to the fund by the legislature, gifts, grants and other donations received for the fund and interest and other earnings from the investment of the fund.
The Board would begin providing loan repayment assistance under the program to eligible persons teaching in the 2016-17 school year.
Source Agencies: | 781 Higher Education Coordinating Board
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LBB Staff: | UP, KK, SK, GO, RT
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