Fiscal Note
HB0085 - Teacher Loan Program
State Impact:
Enactment of this bill would appropriate $1,500,000 in ongoing Uniform School Fund revenue beginning in Fiscal Year 2009 to the State Board of Education to implement and administer the Teacher Loan Program created in the bill. It is assumed that any administrative costs are included in the appropriation.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| Uniform School Fund | $0 | $1,500,000 | $1,500,000 | $0 | $0 | $0 |
| Total | $0 | $1,500,000 | $1,500,000 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
The bill would help individual teachers who participate in the Loan Program to purchase a home.
| 1/7/2008, 3:40:27 PM, Lead Analyst: Allred, S. | Office of the Legislative Fiscal Analyst |