CERTIFICATION OF ENROLLMENT
SENATE BILL 5287
Chapter
217, Laws of 1995
54th
Legislature
1995
Regular Session
STUDENT
FINANCIAL AID‑-FORM‑-USE OF PAYMENTS
EFFECTIVE
DATE: 5/3/95
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Passed by
the Senate April 18, 1995
YEAS 48 NAYS 0
JOEL PRITCHARD
President
of the Senate
Passed by
the House April 13, 1995
YEAS 84 NAYS 11
|
CERTIFICATE
I, Marty
Brown, Secretary of the Senate of the State of Washington, do hereby certify
that the attached is SENATE BILL 5287 as passed by the Senate and the
House of Representatives on the dates hereon set forth.
|
|
CLYDE BALLARD
Speaker
of the
House
of Representatives
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MARTY BROWN
Secretary
|
|
Approved
May 3, 1995 Place Style On Codes above, and Style
Off Codes below.
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FILED
May
3, 1995 - 11:43 a.m.
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|
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MIKE LOWRY
Governor
of the State of Washington
|
Secretary
of State
State
of Washington
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_______________________________________________
SENATE BILL 5287
_______________________________________________
AS AMENDED BY THE HOUSE
Passed Legislature - 1995 Regular Session
State of Washington 54th Legislature 1995
Regular Session
By
Read first time 01/18/95.
Referred to Committee on Higher Education.
Providing
school loan forgiveness in exchange for service within Washington state.
AN ACT Relating to
student financial aid; amending RCW 28B.80.160; repealing RCW 28B.102.900; and
declaring an emergency.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 28B.80.160 and 1985
c 370 s 18 are each amended to read as follows:
In the development of
any such plans as called for within RCW 28B.80.150, the board shall use at
least the following criteria:
(1) Students who are
eligible to attend compact-authorized programs in other states shall meet the
Washington residency requirements of chapter 28B.15 RCW prior to being awarded
tuition assistance ((grants;)).
(2) For recipients named
after January 1, 1995, the tuition assistance shall be in the form of loans
that may be completely forgiven in exchange for the student's service within
the state of Washington after graduation. The requirements for such service
and provisions for loan forgiveness shall be determined in rules adopted by the
board.
(3) If
appropriations are insufficient to fund all students qualifying under
subsection (1) of this section, then the plans shall include criteria for
student selection that would be in the best interest in meeting the state's
educational needs, as well as recognizing the financial needs of students.
(4) Receipts from
the payment of principal or interest or any other subsidies to which the board
as administrator is entitled, that are paid by or on behalf of participants
under this section, shall be deposited with the board and placed in an account
created in this section and shall be used to cover the costs of granting the
scholarships, maintaining necessary records, and making collections. The board
shall maintain accurate records of these costs, and all receipts beyond those
necessary to pay such costs shall be used to grant conditional loans to
eligible students.
(5) The Washington
interstate commission on higher education professional student exchange program
trust fund is created in the custody of the state treasurer. All receipts from
loan repayment shall be deposited into the fund. Only the higher education
coordinating board, or its designee, may authorize expenditures from the fund.
No appropriation is required for expenditures from this fund.
NEW SECTION. Sec.
2. RCW 28B.102.900 and 1994
c 126 s 4 & 1987 c 437 s 9 are each repealed.
NEW SECTION. Sec.
3. This act is necessary for
the immediate preservation of the public peace, health, or safety, or support
of the state government and its existing public institutions, and shall take
effect immediately.
Passed
the Senate April 18, 1995.
Passed
the House April 13, 1995.
Approved by the Governor May 3, 1995.
Filed in Office of
Secretary of State May 3, 1995.