COBI 2015 - T.H. Bell Teaching Incentive Loans Program

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

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.

Funding History

Related Publications

Trend Analysis - 2015 General Session - State Board of Regents - Student Assistance

Appropriation Overview

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.

Appropriation Adjustments

The following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time

Statute

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.

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	306,500	361,700	361,700	361,700	361,700	0	361,700	0	361,700
Education Fund	1,200,000	1,116,000	1,116,000	1,116,000	1,116,000	0	1,116,000	0	1,116,000
Total	$1,506,500	$1,477,700	$1,477,700	$1,477,700	$1,477,700	$0	$1,477,700	$0	$1,477,700

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Other Charges/Pass Thru	1,506,500	1,477,700	1,477,700	0	1,477,700	0	1,477,700	0	1,477,700
Transfers	0	0	0	1,477,700	0	0	0	0	0
Total	$1,506,500	$1,477,700	$1,477,700	$1,477,700	$1,477,700	$0	$1,477,700	$0	$1,477,700

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.