2006 Legislation
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HOUSE BILL NO. 751 – Student loan, math/science teacher

HOUSE BILL NO. 751

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Bill Status



H0751..........................................................by EDUCATION
STUDENT LOANS - MATH/SCIENCE TEACHER - Adds to existing law to state
legislative intent; to create an Idaho Math and Science Teacher Loan
Program; to provide procedures; to provide for loan forgiveness; to create
an Idaho Math and Science Teacher Loan Fund in the state treasury with a
one time appropriation of five million dollars; and to define terms.
                                                                        
02/28    House intro - 1st rdg - to printing
03/01    Rpt prt - to Educ
03/06    Rpt out - rec d/p - to 2nd rdg
03/07    2nd rdg - to 3rd rdg
03/10    3rd rdg - FAILED - 31-34-5
      AYES -- Barraclough, Bastian, Black, Block, Boe, Bradford, Cannon,
      Ellsworth, Field(18), Field(23), Henbest, Jaquet, Kemp, LeFavour,
      Martinez, Mathews, Miller, Mitchell, Nielsen, Pasley-Stuart, Pence,
      Ring, Ringo, Rusche, Sayler, Shepherd(2), Smith(30), Smith(24),
      Smylie, Trail, Wills
      NAYS -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Bolz,
      Brackett, Chadderdon, Clark, Collins, Crow, Denney, Edmunson,
      Eskridge, Garrett, Hart, Harwood, Henderson, Lake, Loertscher,
      McGeachin, McKague, Moyle, Nonini, Raybould, Roberts, Schaefer,
      Shirley, Skippen, Snodgrass, Stevenson, Mr. Speaker
      Absent and excused -- Deal, Rydalch, Sali, Shepherd(8), Wood
    Floor Sponsor - Trail
    Filed in Office of the Chief Clerk

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   Second Regular Session - 2006
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 751
                                                                        
                                   BY EDUCATION COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO POSTSECONDARY EDUCATION LOANS;  AMENDING  CHAPTER  43,  TITLE  33,
  3        IDAHO CODE, BY THE ADDITION OF A NEW SECTION 33-4317, IDAHO CODE, TO STATE
  4        LEGISLATIVE  INTENT, TO CREATE AN IDAHO MATH AND SCIENCE TEACHER LOAN PRO-
  5        GRAM, TO PROVIDE FOR PROCEDURES, TO PROVIDE FOR LOAN FORGIVENESS, TO  CRE-
  6        ATE AN IDAHO MATH AND SCIENCE TEACHER LOAN FUND IN THE STATE TREASURY WITH
  7        A ONE TIME APPROPRIATION OF FIVE MILLION DOLLARS AND TO DEFINE TERMS.
                                                                        
  8    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  9        SECTION  1.  That  Chapter  43,  Title 33, Idaho Code, be, and the same is
 10    hereby amended by the addition thereto of a NEW SECTION, to be known and  des-
 11    ignated as Section 33-4317, Idaho Code, and to read as follows:
                                                                        
 12        33-4317.  IDAHO MATH AND SCIENCE TEACHER LOAN PROGRAM. (1) Many of Idaho's
 13    outstanding  students  are  unable to attend Idaho postsecondary institutions.
 14    Existing loan programs cannot provide the funding necessary to assist students
 15    who qualify. Idaho is in need of trained individuals in the areas of mathemat-
 16    ics, the sciences and nursing. It is legislative intent to create a  permanent
 17    fund  to  provide  loans  to Idaho students who, after graduation, will become
 18    teachers of mathematics or science in the Idaho public schools or  will  prac-
 19    tice nursing in Idaho.
 20        (2)  There  is hereby created the Idaho math and science teacher loan pro-
 21    gram. An eligible student may apply to the board for an Idaho math and science
 22    teacher loan to meet the costs necessary for attendance at an  eligible  post-
 23    secondary institution.
 24        (3)  The  board shall implement and administer this loan program and shall
 25    promulgate rules necessary to do so, including rules for:
 26        (a)  Processing and approving loan applications from eligible students;
 27        (b)  Determining, based on available funding, the number of Idaho loans to
 28        be granted each academic year, the terms of each such loan and the  amount
 29        of each such loan; and
 30        (c)  Monitoring  the  progress  of  the eligible student in that student's
 31        academic performance to ensure that the student:
 32             (i)  Maintains enrollment at an eligible postsecondary institution on
 33             a full-time basis; and
 34             (ii) Makes adequate progress towards a teaching degree in mathematics
 35             or a field of science, or towards a degree in nursing, provided  how-
 36             ever,  that for good cause shown, the board may permit the student to
 37             suspend the student's study for up to two (2) years.
 38        (4)  For each full academic year that a student teaches in an Idaho school
 39    or practices nursing within Idaho within seven (7) years following  graduation
 40    from  an eligible postsecondary institution, one-fifth (1/5) of the loan prin-
 41    cipal and accrued interest owed by the student shall be forgiven.
 42        (5)  The Idaho mathematics and science teacher loan fund is hereby created
 43    in the state treasury. Income from the fund, including the repayment of loans,
                                                                        
                                           2
                                                                        
  1    shall be used to fund the Idaho math and science  teacher  loan  program.  The
  2    fund  principal  shall  consist  of appropriations, repayment of principal and
  3    interest, gifts, grants, donations and income from fund investments and inter-
  4    est. The legislature shall appropriate five million dollars  ($5,000,000)  for
  5    fiscal year 2007 to the fund. Moneys in the fund shall not revert to any other
  6    fund at the end of the fiscal year.
  7        (6)  The following definitions shall apply to this section:
  8        (a)  "Board" means the state board of education.
  9        (b)  "Eligible  postsecondary  institution"  means  an  Idaho public post-
 10        secondary organization governed or supervised by the state board of educa-
 11        tion, the board of regents of the university of Idaho, a board of trustees
 12        of a community college established pursuant to the provisions  of  section
 13        33-2106,  Idaho Code, or the state board for professional-technical educa-
 14        tion or any educational organization located in Idaho  which  is  operated
 15        privately and not for profit under the control of an independent board and
 16        not  directly controlled or administered by a public or political subdivi-
 17        sion.
 18        (c)  "Eligible student" means a student who has graduated  from  an  Idaho
 19        secondary school.

Statement of Purpose / Fiscal Impact



                       STATEMENT OF PURPOSE

                             RS 16014


This legislation relates to post-secondary education loans;
amending, Chapter 43, Title 33, Idaho Code, by the addition of a
new Section 33-4317, Idaho Code, to state legislative intent, to
create an Idaho Math and Science Teacher loan program, to provide
for procedures, to provide for loan forgiveness, to create an Idaho
math and science teacher loan fund in the state treasury with a one
time appropriation of five million dollars and to define terms. 



                           FISCAL NOTE

There will be an impact of five million dollars on the State
treasury.



Contacts

Name: Representative Tom Trail 
Phone: (208) 332-1000
Representative Jana Kemp
Senator Tom Gannon


STATEMENT OF PURPOSE/FISCAL NOTE                         H 751