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A BILL TO BE ENTITLED
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AN ACT
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relating to use of a tuition set-aside to fund the doctoral |
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incentive loan repayment program. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 56.095, Education Code, is amended by |
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adding Subsection (b) to read as follows: |
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(b) Each institution of higher education shall set aside a |
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portion of the tuition collected from each student enrolled in a |
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doctoral degree program, other than a law or health professional |
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degree program, equal to $4 for each semester credit hour for which |
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the student is enrolled. The amount set aside shall be transferred |
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to the comptroller to be maintained in the state treasury for the |
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sole purpose of repayment of student loans of individuals employed |
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as faculty and administrators at institutions of higher education |
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in this state as provided by this subchapter. The money may be used |
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only to provide loan repayment under this subchapter and to cover |
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the costs of administering this subchapter. |
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SECTION 2. Section 56.095(b), Education Code, as added by |
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this Act, applies beginning with tuition paid for the 2019-2020 |
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academic year. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2019. |