Bill Text: TX HB3372 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the administration of the Texas B-On-time loan program and to permitting an institution of higher education to retain excess B-On-time tuition set-asides to provide financial assistance to students of the institution.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2013-03-19 - Referred to Higher Education [HB3372 Detail]
Download: Texas-2013-HB3372-Introduced.html
| By: Giddings | H.B. No. 3372 | |
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| relating to the administration of the Texas B-On-time loan program | ||
| and to permitting an institution of higher education to retain | ||
| excess B-On-time tuition set-asides to provide financial | ||
| assistance to students of the institution. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter Q, Chapter 56, Education Code, is | ||
| amended by adding Section 56.4601 to read as follows: | ||
| Sec. 56.4601. PROMOTING UNIFORM STUDENT PARTICIPATION IN | ||
| PROGRAM. (a) The coordinating board shall examine the | ||
| administration of the Texas B-On-time loan program at institutions | ||
| of higher education to identify the reasons for different rates of | ||
| student participation in the program at those institutions and | ||
| shall develop strategies for achieving a more uniform student | ||
| participation among those institutions. | ||
| (b) The coordinating board shall assist the financial aid | ||
| office and administration of each institution of higher education | ||
| with a student participation rate in the Texas B-On-time loan | ||
| program that is less than the average statewide student | ||
| participation rate in the program for institutions of higher | ||
| education to develop and implement strategies to improve student | ||
| participation at the institution, including strategies to better | ||
| inform students and prospective students about the program and to | ||
| assist students to qualify for and achieve maximum benefits under | ||
| the program. | ||
| SECTION 2. Section 56.465, Education Code, is amended by | ||
| amending Subsection (b) and adding Subsections (c), (c-1), and (d) | ||
| to read as follows: | ||
| (b) Subject to Subsection (c), the [ |
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| set aside under Subsection (a) shall be deposited to the credit of | ||
| the Texas B-On-time student loan account established under Section | ||
| 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. | ||
| (c) If in the preceding academic year the students of an | ||
| institution of higher education receive a percentage of the total | ||
| amount of Texas B-On-time loans made to students at all | ||
| institutions of higher education that is less than the percentage | ||
| of the total amount of tuition set aside under Subsection (a) in | ||
| that year at all institutions of higher education that was set aside | ||
| at that institution, the coordinating board shall permit the | ||
| institution to retain a portion of the tuition set aside at the | ||
| institution in the current academic year so that the amount of that | ||
| tuition set aside at that institution in the current academic year | ||
| that is deposited to the credit of the Texas B-On-time student loan | ||
| account or to the interest and sinking fund established under | ||
| Section 52.91(b) reflects the institution's percentage of the total | ||
| amount of Texas B-On-time loans made to students at all | ||
| institutions of higher education in the preceding academic year. | ||
| The institution may use the retained portion of the tuition set | ||
| aside under Subsection (a) only to provide financial assistance to | ||
| students of the institution in the same manner as tuition set aside | ||
| at the institution under Section 56.011. | ||
| (c-1) The coordinating board shall permit qualifying | ||
| institutions of higher education to retain a portion of the tuition | ||
| set aside at each institution under Subsection (c) beginning with | ||
| the tuition set aside under Subsection (a) in the 2013-2014 | ||
| academic year, based on the appropriate information regarding Texas | ||
| B-On-time loans and tuition set-asides for the 2012-2013 academic | ||
| year. This subsection expires January 1, 2015. | ||
| (d) Under Subsection (c), the coordinating board may not | ||
| permit institutions to retain a portion of tuition set aside under | ||
| Subsection (a) that would have a direct adverse impact on the | ||
| repayment of bonds issued on or before September 1, 2013, to provide | ||
| funding to support the Texas B-On-time loan program. | ||
| SECTION 3. The change in law made by this Act to Section | ||
| 56.465, Education Code, does not affect the application of that | ||
| section to tuition set aside under that section for any semester or | ||
| other academic term before the 2013 fall semester, and the former | ||
| law is continued in effect for purposes of the use of that amount | ||
| under the Texas B-On-time loan program. | ||
| SECTION 4. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2013. | ||
