The T. H. Bell Teaching Incentive Loans Program was established to recruit and train Utah teachers. The incentive loans may be used at any higher education institution in the State with a state-approved teacher education program. Credit for tuition and fees are granted for each year of teaching in the State. A recipient who does not teach for a term equal to the number of years of the incentive loan within a reasonable period of time after graduation is required to repay a graduated portion of the tuition and fees. The State Board of Regents is appropriated administrative funds to support the management of the Loan Program.
During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $1,477,700 from all sources for T.H. Bell Teaching Incentive Loans Program. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $1,477,700 from the General/Education Funds, a change of 0 percent from revised Fiscal Year 2015 estimates.
In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:
The following statute relates to the T.H. Bell Teaching Incentive Loans Program:
- UCA 53B-10-101 details the program's eligibility requirements, repayment policies, criteria for awarding the loans, the number of loans, and legislative appropriations.
COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.