Bill Text: IA SF2244 | 2021-2022 | 89th General Assembly | Introduced
Bill Title: A bill for an act establishing the nonprofit employer recruitment and retention loan repayment program within the college student aid commission and making appropriations.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-02-14 - Subcommittee: Sinclair, Giddens, and Rozenboom. S.J. 278. [SF2244 Detail]
Download: Iowa-2021-SF2244-Introduced.html
Senate
File
2244
-
Introduced
SENATE
FILE
2244
BY
GIDDENS
A
BILL
FOR
An
Act
establishing
the
nonprofit
employer
recruitment
and
1
retention
loan
repayment
program
within
the
college
student
2
aid
commission
and
making
appropriations.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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Section
1.
NEW
SECTION
.
261.133
Nonprofit
employer
1
recruitment
and
retention
loan
repayment
program.
2
1.
As
used
in
this
section,
unless
the
context
otherwise
3
requires:
4
a.
“Eligible
loan”
means
the
eligible
employee’s
total
5
federally
guaranteed
Stafford
loan
amount
under
the
federal
6
family
education
loan
program
or
the
federal
direct
loan
7
program,
the
eligible
employee’s
federal
grad
plus
loans,
8
or
the
eligible
employee’s
federal
Perkins
loan,
including
9
principal
and
interest.
10
b.
“Nonprofit
organization”
means
an
organization
organized
11
under
chapter
504
and
qualifying
under
section
501(c)(3)
of
the
12
Internal
Revenue
Code
as
an
organization
exempt
from
federal
13
income
tax
under
section
501(a)
of
the
Internal
Revenue
Code
14
that
satisfies
all
of
the
following
requirements:
15
(1)
The
organization
must
operate
primarily
in
this
state.
16
(2)
The
organization
must
serve
critical
community
needs,
17
including
food
insecurity,
housing
insecurity,
youth
education,
18
senior
education,
health,
or
community
support.
19
c.
“Part-time”
means
at
least
seventy
percent
of
a
forty-
20
hour
workweek.
21
2.
A
nonprofit
employer
recruitment
and
retention
loan
22
repayment
program
is
established
to
be
administered
by
the
23
college
student
aid
commission
for
purposes
of
providing
24
payments
to
nonprofit
organizations
to
be
used
for
providing
25
loan
repayments
for
eligible
loans
to
certain
employees
to
26
assist
in
the
recruitment
and
retention
of
those
employees
27
who
agree
to
remain
full-time
employees
of
the
nonprofit
28
organization
for
five
years
or
who
agree
to
remain
part-time
29
employees
of
the
nonprofit
organization
for
seven
years.
30
3.
An
employee
of
a
nonprofit
organization
is
eligible
31
to
apply
to
enter
into
a
program
agreement
with
the
college
32
student
aid
commission
and
the
nonprofit
organization
for
33
loan
repayments
under
this
section
if
all
of
the
following
34
requirements
are
met:
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a.
The
employee
has
academic
experience
in
leadership
or
1
the
management
of
nonprofit
organizations
or
has
attained
2
a
credential
or
certification
related
to
leadership
or
the
3
management
of
nonprofit
organizations.
4
b.
The
total
annual
compensation
the
nonprofit
organization
5
pays
to
the
employee
is
less
than
or
equal
to
sixty
thousand
6
dollars.
7
4.
A
program
agreement
shall
be
entered
into
among
an
8
eligible
employee,
the
nonprofit
organization,
and
the
college
9
student
aid
commission.
Pursuant
to
the
program
agreement,
to
10
receive
loan
repayments
from
a
nonprofit
organization
pursuant
11
to
subsection
6,
an
eligible
employee
shall
agree
to
engage
in
12
either
five
years
of
full-time
employment
with
the
nonprofit
13
organization
or
seven
years
of
part-time
employment
with
the
14
nonprofit
organization.
15
5.
The
college
student
aid
commission
shall
give
priority
to
16
residents
of
Iowa
and,
if
requested
by
the
adjutant
general,
to
17
eligible
employees
who
are
members
of
the
Iowa
national
guard.
18
6.
The
amount
of
loan
repayment
to
a
nonprofit
organization
19
for
an
eligible
employee
who
enters
into
an
agreement
pursuant
20
to
subsection
4,
if
the
eligible
employee
is
in
compliance
21
with
the
obligations
under
the
program
agreement,
shall
be
no
22
more
than
five
thousand
dollars
annually
for
an
eligible
loan.
23
Payments
under
this
section
shall
be
made
to
the
nonprofit
24
organization
for
each
year
of
the
employee’s
employment
during
25
a
period
of
five
consecutive
years
of
full-time
employment
or
26
seven
consecutive
years
of
part-time
employment
and
shall
not
27
exceed
a
total
of
twenty-five
thousand
dollars.
If
the
total
28
amount
of
an
eligible
employee’s
eligible
loan
upon
application
29
is
less
than
twenty-five
thousand
dollars,
the
college
student
30
aid
commission
shall
divide
the
total
amount
of
the
eligible
31
employee’s
eligible
loan
by
five,
if
the
eligible
employee
is
a
32
full-time
employee,
or
by
seven,
if
the
eligible
employee
is
33
a
part-time
employee,
to
determine
the
annual
amount
of
loan
34
repayment
the
nonprofit
organization
is
eligible
to
receive
and
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provide
to
an
eligible
employee.
1
7.
An
employee
of
a
nonprofit
organization
who
entered
2
into
a
program
agreement
pursuant
to
subsection
4
may
apply
3
to
the
college
student
aid
commission
to
amend
the
program
4
agreement
to
allow
the
employee
to
switch
to
part-time
5
employment
or
full-time
employment,
as
applicable.
The
6
college
student
aid
commission,
nonprofit
organization,
and
7
the
employee
may
consent
to
amend
the
program
agreement
under
8
which
the
employee
shall
engage
in
part-time
employment
with
9
the
nonprofit
organization
for
an
extended
period
of
part-time
10
employment
determined
by
the
college
student
aid
commission
to
11
be
proportional
to
the
amount
of
full-time
employment
remaining
12
under
the
original
program
agreement.
13
8.
The
obligation
of
an
employee
of
a
nonprofit
organization
14
to
engage
in
either
full-time
employment
or
part-time
15
employment
under
a
program
agreement
entered
into
pursuant
to
16
subsection
4
shall
be
considered
satisfied
when
any
of
the
17
following
conditions
are
met:
18
a.
The
terms
of
the
program
agreement
are
completed.
19
b.
The
employee
dies.
20
c.
The
employee,
due
to
a
permanent
disability,
is
unable
21
to
work
either
full-time
or
part-time
for
the
nonprofit
22
organization.
23
9.
If
an
employee
fails
to
fulfill
the
obligation
to
engage
24
in
employment
in
accordance
with
the
program
agreement
entered
25
into
pursuant
to
subsection
4,
the
employee
shall
be
subject
26
to
repayment
to
the
college
student
aid
commission
of
the
loan
27
amount
plus
interest
as
specified
by
rule.
The
college
student
28
aid
commission
shall
remit
all
repayments
made
pursuant
to
this
29
subsection
to
the
nonprofit
employer
recruitment
and
retention
30
loan
repayment
program
fund
established
pursuant
to
subsection
31
11.
32
10.
The
college
student
aid
commission
shall
submit
in
33
a
report
to
the
general
assembly
by
January
1,
annually,
the
34
number
of
individuals
who
received
loan
repayment
pursuant
35
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to
this
section,
the
nonprofit
organizations
that
entered
1
into
program
agreements
pursuant
to
subsection
4,
where
the
2
individuals
who
received
loan
repayment
pursuant
to
this
3
section
worked,
the
amount
paid
to
each
nonprofit
organization,
4
the
amount
each
nonprofit
organization
paid
to
each
program
5
participant,
and
other
information
identified
by
the
college
6
student
aid
commission
as
indicators
of
outcomes
of
the
7
program.
8
11.
A
nonprofit
employer
recruitment
and
retention
loan
9
repayment
program
fund
is
created
in
the
state
treasury
as
10
a
separate
fund
under
the
control
of
the
college
student
11
aid
commission.
All
moneys
deposited
or
paid
into
the
fund
12
are
appropriated
and
made
available
to
the
college
student
13
aid
commission
to
be
used
for
meeting
the
requirements
of
14
this
section.
The
college
student
aid
commission
shall
use
15
moneys
in
the
fund
to
leverage
available
federal
moneys
if
16
possible.
Notwithstanding
section
8.33,
any
balance
in
the
17
fund
on
June
30
of
any
fiscal
year
shall
not
revert
to
the
18
general
fund
of
the
state
but
shall
remain
in
the
fund
and
be
19
continuously
available
for
loan
repayment
under
the
program.
20
Notwithstanding
section
12C.7,
subsection
2,
interest
or
21
earnings
on
moneys
deposited
in
the
fund
shall
be
credited
to
22
the
fund.
23
12.
The
college
student
aid
commission
shall
adopt
rules
24
pursuant
to
chapter
17A
to
administer
this
section.
25
Sec.
2.
COLLEGE
STUDENT
AID
COMMISSION
——
NONPROFIT
26
EMPLOYER
RECRUITMENT
AND
RETENTION
LOAN
REPAYMENT
PROGRAM
——
27
APPROPRIATION.
There
is
appropriated
from
the
general
fund
of
28
the
state
to
the
college
student
aid
commission
for
the
fiscal
29
year
beginning
July
1,
2022,
and
ending
June
30,
2023,
the
30
following
amount,
or
so
much
thereof
as
is
necessary,
to
be
31
used
for
the
purposes
designated:
32
For
the
nonprofit
employer
recruitment
and
retention
loan
33
repayment
program
established
pursuant
to
section
261.133:
34
.
.
.
.
.
.
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.
.
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.
.
.
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.
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.
.
.
.
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.
.
.
$
5,000,000
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EXPLANATION
1
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
2
the
explanation’s
substance
by
the
members
of
the
general
assembly.
3
This
bill
establishes
the
nonprofit
employer
recruitment
and
4
retention
loan
repayment
program
within
the
college
student
aid
5
commission
(commission).
6
The
bill
requires
the
commission
to
administer
the
program
7
for
purposes
of
providing
payments
to
nonprofit
organizations
8
to
be
used
for
providing
loan
repayments
to
certain
employees
9
to
assist
in
the
recruitment
and
retention
of
those
employees
10
who
agree
to
remain
full-time
employees
of
the
nonprofit
11
organization
for
five
years
or
who
agree
to
remain
part-time
12
employees
of
the
nonprofit
organization
for
seven
years.
13
The
bill
provides
that
an
employee
of
a
nonprofit
14
organization
is
eligible
to
apply
to
enter
into
a
program
15
agreement
with
the
commission
and
the
nonprofit
organization
16
for
loan
repayments
under
the
program
if
the
employee
has
17
academic
experience
in
leadership
or
the
management
of
18
nonprofit
organizations
or
has
attained
a
credential
or
19
certification
related
to
leadership
or
the
management
of
20
nonprofit
organizations,
and
if
the
total
annual
compensation
21
the
nonprofit
organization
pays
to
the
employee
is
less
than
or
22
equal
to
$60,000.
23
The
bill
provides
that
the
eligible
employee,
nonprofit
24
organization,
and
commission
shall
enter
into
a
program
25
agreement
for
loan
repayments.
Additionally,
the
bill
provides
26
that,
in
order
to
receive
loan
repayments,
an
eligible
employee
27
shall
agree
to
engage
in
either
five
years
of
full-time
28
employment
with
the
nonprofit
organization
or
seven
years
of
29
part-time
employment
with
the
nonprofit
organization.
The
bill
30
requires
the
commission
to
give
priority
to
residents
of
Iowa
31
and,
if
requested
by
the
adjutant
general,
to
applicants
who
32
are
members
of
the
Iowa
national
guard.
33
The
bill
limits
the
amount
of
loan
repayment
to
a
nonprofit
34
organization
for
an
eligible
employee
who
enters
into
a
program
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agreement
to
no
more
than
$5,000
annually
and
no
more
than
1
$25,000
total.
2
The
bill
authorizes
an
employee
who
entered
into
a
program
3
agreement
to
apply
to
the
commission
to
amend
the
agreement
to
4
allow
the
employee
to
switch
to
part-time
employment
or
full-
5
time
employment,
as
applicable.
The
bill
provides
that
the
6
commission,
nonprofit
organization,
and
employee
may
amend
the
7
agreement
under
which
the
employee
shall
engage
in
part-time
8
employment
for
an
extended
period
of
part-time
employment
9
determined
by
the
commission
to
be
proportional
to
the
amount
10
of
full-time
employment
remaining
under
the
original
agreement.
11
The
bill
establishes
when
the
obligation
of
an
employee
to
12
engage
in
either
full-time
employment
or
part-time
employment
13
under
an
agreement
shall
be
considered
satisfied.
14
The
bill
provides
that,
if
a
loan
repayment
recipient
fails
15
to
fulfill
the
obligation
to
engage
in
employment
in
accordance
16
with
the
agreement,
the
recipient
shall
be
subject
to
repayment
17
to
the
commission.
18
The
bill
requires
the
commission
to
submit
a
report
to
the
19
general
assembly
by
January
1,
annually,
detailing
certain
20
specified
information
related
to
the
program.
21
The
bill
establishes
a
nonprofit
employer
recruitment
and
22
retention
loan
repayment
program
fund
in
the
state
treasury
as
23
a
separate
fund
under
the
control
of
the
commission.
The
bill
24
appropriates
$5
million
to
the
fund
for
FY
2022-2023.
25
The
bill
defines
“eligible
loan”,
“nonprofit
organization”,
26
and
“part-time”.
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