House Bill 480

Actions | Amendments
Last Action signed by Governor (Act ch. 93)
Title AN ACT relating to Best in Class loan forgiveness and declaring an emergency.
Bill Documents Bill
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

Actions

Top | Amendments
02/23/09
  • introduced in House
02/24/09
  • to Education (H)
02/27/09
  • posted in committee
03/03/09
  • reported favorably, 1st reading, to Calendar with committee amendments (1) and (2-title)
03/04/09
  • 2nd reading, to Rules
03/05/09
  • floor amendment (1) filed
  • posted for passage in the Regular Orders of the Day for Friday, March 6, 2009
03/06/09
  • floor amendment (2) filed
  • 3rd reading, passed with committee amendment (2-title), floor amendment (2)
03/09/09
  • received in Senate
  • taken from Committee on Committees
  • 1st reading
  • returned to Committee on Committees (S)
03/10/09
  • taken from Committee on Committees
  • 2nd reading
  • returned to Committee on Committees (S)
  • to Education (S)
03/12/09
  • reported favorably, to Rules as a Consent Bill
03/13/09
  • posted for passage in the Consent Orders of the Day for Friday, March 13, 2009
  • 3rd reading, passed 38-0
  • received in House
  • enrolled, signed by each presiding officer
  • delivered to Governor
03/24/09
  • signed by Governor (Act ch. 93)

Proposed Amendments

Top | Actions
Amendment House Committee Amendment 1
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
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
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
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: 1/16/2019 4:30 PM (EST)