Bill Text: IA HF387 | 2015-2016 | 86th General Assembly | Introduced

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Bill Title: A bill for an act relating to interstate reciprocity agreements entered into, administered, or recognized by the college student aid commission. (Formerly HSB 14)

Spectrum: Committee Bill

Status: (Introduced - Dead) 2015-05-12 - Withdrawn. H.J. 1047. [HF387 Detail]

Download: Iowa-2015-HF387-Introduced.html

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House File 387 - Introduced




                                 HOUSE FILE       
                                 BY  COMMITTEE ON EDUCATION

                                 (SUCCESSOR TO HSB 14)

                                      A BILL FOR

  1 An Act relating to interstate reciprocity agreements entered
  2    into, administered, or recognized by the college student aid
  3    commission.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    TLSB 1245HV (1) 86
    kh/sc

PAG LIN



  1  1    Section 1.  Section 261G.4, subsections 1 and 2, Code 2015,
  1  2 are amended to read as follows:
  1  3    1.  Notwithstanding any other provision of law to the
  1  4 contrary, a participating nonresident institution shall not be
  1  5 required to register under chapter 261B or to comply with the
  1  6 registration and disclosure requirements of chapter 261 or 261B
  1  7 or section 714.17, subsections 2 and 3, or sections 714.18,
  1  8 714.20, and 714.21, and 714.23, or section 714.24, subsections
  1  9 1, 2, 3, 4, and 5, or section 714.25, if the provisions of an
  1 10 interstate reciprocity agreement prohibit such registration or
  1 11 compliance.
  1 12    2.  Notwithstanding any other provision of law to the
  1 13 contrary, a participating resident institution shall be
  1 14 required to register under chapter 261B or to comply with the
  1 15 registration and disclosure requirements of chapter 261 or 261B
  1 16 or section 714.17, subsections 2 and 3, or sections 714.18,
  1 17 714.20, and 714.21, 714.23, or section 714.24, subsections 1,
  1 18 2, 3, 4, and 5, or section 714.25, if the provisions of the
  1 19 interstate reciprocity agreement require such registration or
  1 20 compliance.
  1 21                           EXPLANATION
  1 22 The inclusion of this explanation does not constitute agreement with
  1 23 the explanation's substance by the members of the general assembly.
  1 24    This bill allows the provisions of an interstate reciprocity
  1 25 agreement entered into and administered, or recognized, by the
  1 26 college student aid commission to override the registration and
  1 27 disclosure provisions of Code sections 714.23, which regulates
  1 28 postsecondary educational program refund policies, and 714.25,
  1 29 which establishes disclosure requirements for proprietary
  1 30 schools, as those sections apply to participating postsecondary
  1 31 educational institutions.
  1 32    Code section 261G.6 provides that Code chapter 261G shall
  1 33 not be construed to affect the attorney general's authority to
  1 34 enforce the consumer fraud Act pursuant to Code section 714.16.
       LSB 1245HV (1) 86
       kh/sc