Bill Text: CA SB212 | 2013-2014 | Regular Session | Amended

---

Bill Title: Student financial aid: Assumption Program of Loans for

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-02-03 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB212 Detail]

Download: California-2013-SB212-Amended.html

---

BILL NUMBER: SB 212	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 11, 2013

INTRODUCED BY   Senator Pavley

                        FEBRUARY 11, 2013

   An act  to amend Section 69615.8 of the Education Code, 
relating to student financial aid  , making an appropriation
therefor, and declaring the urgency thereof, to take effect
immediately  .



	LEGISLATIVE COUNSEL'S DIGEST


   SB 212, as amended, Pavley. Student financial aid: Assumption
Program of Loans for Education.
   Existing law establishes the Assumption Program of Loans for
Education, administered by the Student Aid Commission, under which
any person enrolled in an eligible institution of postsecondary
education, as defined, or any person who agrees to participate in a
teacher trainee or teacher internship program, is eligible to enter
into an agreement for loan assumption, to be redeemed pursuant to a
prescribed procedure upon becoming employed as a teacher in an
eligible school, as defined, if he or she satisfies certain
conditions.
   This bill would express the intent of the Legislature to 
enact legislation that would expand, and increase  
restore the  funding for  ,  the Assumption
Program of Loans for Education  to its 2011-12 fiscal year level.
The bill would require the commission to award 7,200 new warrants
for the assumption of loans under the program in the 2013-14 fiscal
year. The bill would appropriate $5,000,000 from the General Fund to
the commission for the funding of warrants for the assumption of
loans under the program for the 2013-14 fiscal year  . 
   This bill would declare that it is to take effect immediately as
an urgency statute. 
   Vote:  majority   2/3  . Appropriation:
 no   yes  . Fiscal committee:  no
  yes  . State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to  enact
legislation that would expand, and increase   restore
the  funding for  ,  the Assumption Program of
Loans for Education (APLE)  to its 2011-12 fiscal year level
 .
   SEC. 2.    Section 69615.8 of the  
Education Code   is amended to read: 
   69615.8.  Notwithstanding any other law, in  any 
 the 2013-14  fiscal year, the commission shall award
 no more than the number of loan assumption agreements that
are authorized by the Governor and the Legislature in the annual
Budget Act for that year   7,200 new warrants  for
the assumption of loans pursuant to this article.
   SEC. 3.    The sum of five million dollars
($5,000,000) is hereby appro   priated from the General Fund
to the Student Aid Commission for the funding of warrants for the
assumption of loans under the Assumption Program of Loans for
Education (Article 5 (commencing with Section 69612) of Chapter 2 of
Part 42 of Division 5 of Title 3 of the Education Code) for the
2013-14 fiscal year. 
   SEC. 4.    This act is an urgency statute necessary
for the immediate preservation of the public peace, health, or safety
within the meaning of Article IV of the Constitution and shall go
into immediate effect. The facts constituting the necessity are:
 
   In order for the Assumption Program of Loans for Education to be
adequately funded for the 2013-14 fiscal year, it is necessary that
this act take effect immediately.