Bill Text: NC S74 | 2011-2012 | Regular Session | Amended

North Carolina Senate Bill 74 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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

Spectrum: Strong Partisan Bill (Republican 14-1)

Status: (Introduced - Dead) 2011-03-09 - Re-ref Com On Rules and Operations of the Senate [S74 Detail]

Download: North_Carolina-2011-S74-Amended.html

GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S 1

SENATE BILL 74*

Short Title: Comm. Colleges/Opt Out of Fed'l Loan Program.		(Public)
Sponsors:	Senators Gunn; Brown, Clary, Davis, East, Goolsby, Hise, Hunt, Jackson, Meredith, Rouzer, Soucek, Tucker, and Vaughan.
Referred to:	Education/Higher Education.

February 16, 2011

A BILL TO BE ENTITLED

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 by resolution adopted declines to participate in the Program. The State Board shall ensure that at least one counselor is available at each college participating in the William D. Ford Federal Direct Loan Program 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 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 thereafter no longer have the option of declining further participation in the Program. "

SECTION 2. This act is effective when it becomes law.