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UTAH STATE SENATE
UTAH STATE CAPITOL COMPLEX * 320 STATE CAPITOL

P.O. BOX 145115 * SALT LAKE CITY, UTAH 84114-5115 * (801) 538-1035

        February 21, 2008

Mr. President:

    The Education Committee reports a favorable recommendation on H.B. 85, TEACHER LOAN PROGRAM, by Representative L. Hemingway, with the following amendments:

1.    Page 2, Lines 32 through 34
    House Committee Amendments
    1-29-2008 :    

             32          (2) The

  State       Board of Education shall:

             33          (a)
  subject to the availability of funding for the loan program from appropriations and loan principal and interest repayments,       award      {   appropriated   }        available       loan funds to individual teachers who:

             34          (i) teach full time in a school district H. or charter school .H within the state;

2.    Page 3, Lines 77 through 79
    House Committee Amendments
    1-29-2008 :    

             77          (ii) require full repayment of the outstanding loan principal and interest if
  and when       the primary

             78      residence is sold within ten years of loan issuance.
  (6) If appropriations and loan principal and interest repayment funds are insufficient to cover the costs associated with the Teacher Loan Program for all

eligible applicants, the State Board of Education shall:


    (a) limit the number of loans authorized to correspond to the amount of available funds; and
    (b) select loan recipients using the criteria established pursuant to Subsection (5)(a).       

             79          Section 2. Appropriation.

        Respectfully,

        Margaret Dayton
        Committee Chair

Voting: 5-1-2
3 HB0085.SC1.wpd phildean/PVD DSL/CCS 2/21/08 10:29 am

Bill Number
Action Class
Action Code

*HB0085*
*S*
*SCRAMD*

 HB0085
S
SCRAMD