Bill Text: NC H7 | 2011-2012 | Regular Session | Chaptered

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Bill Title: Comm. Colleges/Opt Out of Fed'l Loan Program

Spectrum: Partisan Bill (Republican 44-1)

Status: (Passed) 2012-06-18 - Ch. SL 2012-31 [H7 Detail]

Download: North_Carolina-2011-H7-Chaptered.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

 

 

SESSION LAW 2012-31

HOUSE BILL 7

 

 

AN ACT To provide that constituent Institutions of the North Carolina community College System may Opt Out of participation in the William D. Ford Federal Direct Loan Program.

 

The General Assembly of North Carolina enacts:

 

SECTION 1.  G.S. 115D‑40.1 reads as rewritten:

"§ 115D‑40.1.  Financial Assistance for Community College Students.

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(d)        Participation in Federal Loan Programs. – All community colleges shall participate in the William D. Ford Federal Direct Loan Program.Program, unless the board of trustees of an institution adopts a resolution declining to participate in the Program. The State Board shall ensure that at least one counselor is available at each college to inform students about federal programs and funds available to assist community college students, including, but not limited to, Pell Grants, HOPE and Lifetime Learning Tax Credits, and and, for participating colleges, the William D. Ford Federal Direct Loan Program, and to actively encourage students to utilize these federal programs and funds. The board of trustees of any institution that has declined to participate in the William D. Ford Federal Direct Loan Program through the adoption of a resolution may rescind the resolution and participate in the Program but shall not have the authority to again decline participation in the Program."

SECTION 2.  This act becomes effective July 1, 2011.

In the General Assembly read three times and ratified this the 5^th day of April, 2011.

 

 

                                                                    s/  Walter H. Dalton

                                                                         President of the Senate

 

 

                                                                    s/  Thom Tillis

                                                                         Speaker of the House of Representatives

 

 

                                                                        VETO   Beverly E. Perdue

                                                                         Governor

 

 

Became law notwithstanding the objections of the Governor at 7:35 p.m. this 18^th day of June, 2012.

 

                                                                    s/  Sarah Clapp

                                                                         Senate Principal Clerk