Last Action | signed by Governor (Act ch. 93) |
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Title | AN ACT relating to Best in Class loan forgiveness and declaring an emergency. |
Bill Documents |
Bill
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Impact Statements | Actuarial Analysis |
Bill Request Number | 115 |
Sponsors | B. Yonts, L. Belcher, J. Crenshaw, T. Edmonds, C. Embry Jr., K. Hall, B. Montell, T. Moore, D. Osborne, R. Palumbo, T. Pullin, T. Thompson, A. Wuchner |
Summary of Original Version | Amend KRS 164.769 to require the Kentucky Higher Education Assistance Authority to give priority in the use of teacher scholarship program funds to loan forgiveness for teachers who were accepted into the Best in Class program prior to June 30, 2008; create a new section of KRS 164 to define the Best in Class program and to require the authority, if insufficient funds are available for loan forgiveness, to establish a schedule for loan payment over a ten-year period; EMERGENCY. |
Index Headings of Original Version |
Actuarial Analysis - Best in Class program, loans, forgiveness and repayment Education, Elementary and Secondary - Best in Class program, loans, forgiveness and repayment Education, Finance - Best in Class program, loans, forgiveness and repayment Education, Higher - Best in Class program, loans, forgiveness and repayment Loans and Credit - Best in Class program, loans, forgiveness and repayment Teachers - Best in Class program, loans, forgiveness and repayment Effective Dates, Emergency - Best in Class program, loans, forgiveness and repayment State Agencies - KHEA, Best in Class program, loans, forgiveness and repayment |
Proposed Amendments |
House Committee Amendment 1 House Committee Amendment 2 House Floor Amendment 1 House Floor Amendment 2 |
Votes | Vote History |
02/23/09 |
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02/24/09 |
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02/27/09 |
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03/03/09 |
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03/04/09 |
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03/05/09 |
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03/06/09 |
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03/09/09 |
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03/10/09 |
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03/12/09 |
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03/13/09 |
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03/24/09 |
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Amendment | House Committee Amendment 1 |
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Sponsor | C. Rollins II |
Summary | Replace "were accepted into the Best in Class Program" with "have outstanding loan balance eligibility for Best in Class loans issued"; add nurses and public service attorneys to eligible participants; establish a 30 year repayment schedule for participants if there are insufficient funds for loan forgiveness; urge the Governor to use discretionary funds from the federal American Recovery and Reinvestment Act to provide loan forgiveness to eligible program participants. |
Index Headings |
Actuarial Analysis - Best in Class program, loans, forgiveness and repayment Education, Elementary and Secondary - Best in Class program, loans, forgiveness and repayment Education, Finance - Best in Class program, loans, forgiveness and repayment Education, Higher - Best in Class program, loans, forgiveness and repayment Loans and Credit - Best in Class program, loans, forgiveness and repayment Teachers - Best in Class program, loans, forgiveness and repayment Effective Dates, Emergency - Best in Class program, loans, forgiveness and repayment State Agencies - KHEA, Best in Class program, loans, forgiveness and repayment |
Amendment | House Committee Amendment 2 |
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Sponsor | C. Rollins II |
Summary | Make title amendment. |
Index Headings |
Actuarial Analysis - Best in Class program, loans, forgiveness and repayment Education, Elementary and Secondary - Best in Class program, loans, forgiveness and repayment Education, Finance - Best in Class program, loans, forgiveness and repayment Education, Higher - Best in Class program, loans, forgiveness and repayment Loans and Credit - Best in Class program, loans, forgiveness and repayment Teachers - Best in Class program, loans, forgiveness and repayment Effective Dates, Emergency - Best in Class program, loans, forgiveness and repayment State Agencies - KHEA, Best in Class program, loans, forgiveness and repayment |
Amendment | House Floor Amendment 1 |
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Sponsor | B. Yonts |
Summary | Replace "were accepted into the Best in Class Program" with "have outstanding loan balance eligibility for Best in Class loans issued"; add nurses and public service attorneys to eligible participants; establish an option for participants to negotiate an extended repayment schedule consistent with federal requirements if there are insufficient funds for loan forgiveness; urge the Governor to use discretionary funds from the federal American Recovery and Reinvestment Act to provide loan forgiveness to eligible program participants. |
Index Headings |
Actuarial Analysis - Best in Class program, loans, forgiveness and repayment Education, Elementary and Secondary - Best in Class program, loans, forgiveness and repayment Education, Finance - Best in Class program, loans, forgiveness and repayment Education, Higher - Best in Class program, loans, forgiveness and repayment Loans and Credit - Best in Class program, loans, forgiveness and repayment Teachers - Best in Class program, loans, forgiveness and repayment Effective Dates, Emergency - Best in Class program, loans, forgiveness and repayment State Agencies - KHEA, Best in Class program, loans, forgiveness and repayment |
Amendment | House Floor Amendment 2 |
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Sponsor | B. Yonts |
Summary | Replace "were accepted into the Best in Class Program" with "have outstanding loan balance eligibility for Best in Class loans issued"; add nurses and public service attorneys to eligible participants; establish an option for participants to negotiate an extended repayment schedule consistent with federal requirements if there are insufficient funds for loan forgiveness; urge the Governor to encourage the Congressional delegation to provide American Recovery and Reinvestment Act or other federal funds to assist the Kentucky Higher Education Assistance Authority in providing loan forgiveness to eligible program participants. |
Index Headings |
Actuarial Analysis - Best in Class program, loans, forgiveness and repayment Education, Elementary and Secondary - Best in Class program, loans, forgiveness and repayment Education, Finance - Best in Class program, loans, forgiveness and repayment Education, Higher - Best in Class program, loans, forgiveness and repayment Loans and Credit - Best in Class program, loans, forgiveness and repayment Teachers - Best in Class program, loans, forgiveness and repayment Effective Dates, Emergency - Best in Class program, loans, forgiveness and repayment State Agencies - KHEA, Best in Class program, loans, forgiveness and repayment |
Last updated: 8/28/2019 8:17 AM (EDT)