Bill Text: NY A03931 | 2009-2010 | General Assembly | Introduced
Bill Title: An act to amend the education law, in relation to creating the regents teacher shortage loan forgiveness program
Spectrum: Partisan Bill (Republican 15-0)
Status: (Introduced - Dead) 2010-05-04 - held for consideration in higher education [A03931 Detail]
Download: New_York-2009-A03931-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
3931
2009-2010 Regular Sessions
I N A S S E M B L Y
January 29, 2009
___________
Introduced by M. of A. RAIA, TEDISCO, ALFANO, GIGLIO, KOLB, WALKER --
Multi-Sponsored by -- M. of A. BARRA, BURLING, BUTLER, CONTE, FITZPA-
TRICK, McDONOUGH, McKEVITT, OAKS, QUINN, SCOZZAFAVA -- read once and
referred to the Committee on Higher Education
AN ACT to amend the education law, in relation to creating the regents
teacher shortage loan forgiveness program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The education law is amended by adding a new section 237-a
2 to read as follows:
3 S 237-A. CRITICAL SHORTAGES IN COMMON BRANCH SUBJECT AREAS. THE
4 REGENTS SHALL, ONCE EVERY FOUR YEARS, REVIEW THE SUPPLY AND DEMAND FOR
5 PUBLIC SCHOOL CLASSROOM TEACHERS TO DETERMINE THE EXISTENCE AND POTEN-
6 TIAL EXISTENCE OF CRITICAL SHORTAGES IN ANY OF THE COMMON BRANCH SUBJECT
7 AREAS FOR THE PURPOSE OF DETERMINING ELIGIBILITY CATEGORIES FOR THE
8 REGENTS TEACHER SHORTAGE LOAN FORGIVENESS PROGRAM PURSUANT TO SECTION
9 SIX HUNDRED SEVENTY-SEVEN-B OF THIS CHAPTER.
10 S 2. The education law is amended by adding a new section 677-b to
11 read as follows:
12 S 677-B. REGENTS TEACHER SHORTAGE LOAN FORGIVENESS PROGRAM. 1. NUMBER
13 AND CERTIFICATION. ONE THOUSAND ELIGIBLE CANDIDATES SHALL BE SELECTED
14 ANNUALLY ON A COMPETITIVE BASIS TO PARTICIPATE IN THE REGENTS TEACHER
15 SHORTAGE LOAN FORGIVENESS PROGRAM. CANDIDATES MUST HAVE SUCCESSFULLY
16 COMPLETED AT LEAST THE SECOND YEAR OF UNDERGRADUATE STUDY AND MUST
17 DEMONSTRATE TO THE SATISFACTION OF THE COMMISSIONER ACADEMIC STUDY IN
18 ANY OF THE COMMON BRANCH AREAS OF CRITICAL TEACHER SHORTAGES, AS DETER-
19 MINED BY THE REGENTS.
20 2. DURATION. UPON ISSUANCE OF A PROVISIONAL OR PERMANENT CERTIFICATION
21 AND EMPLOYMENT IN A PUBLIC SCHOOL LOCATED IN NEW YORK STATE, EACH CANDI-
22 DATE SHALL COMMENCE PARTICIPATION IN THE REGENTS TEACHER SHORTAGE LOAN
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06526-01-9
A. 3931 2
1 FORGIVENESS PROGRAM. PARTICIPATION SHALL CONTINUE UNTIL ANY OF THE
2 FOLLOWING OCCURS:
3 A. THE CANDIDATE'S QUALIFIED OUTSTANDING LOANS ARE REPAID;
4 B. THE CANDIDATE LEAVES THE TEACHING PROFESSION;
5 C. THE CANDIDATE NO LONGER RESIDES IN NEW YORK STATE;
6 D. THE CANDIDATE DEFAULTS ON ANY HIGHER EDUCATION GUARANTEED LOAN.
7 3. AMOUNT. UPON CERTIFICATION OF ELIGIBILITY BY THE COMMISSIONER TO
8 THE PRESIDENT OF THE HIGHER EDUCATION SERVICES CORPORATION, THE PRESI-
9 DENT SHALL MAKE ANNUAL PAYMENTS TO THE CANDIDATE, OR AT THE PRESIDENT'S
10 DISCRETION DIRECTLY TO THE LENDER ON BEHALF OF THE CANDIDATE, IN AN
11 AMOUNT EQUAL TO THE LESSER OF ONE THOUSAND DOLLARS OR ONE-HALF OF THE
12 TOTAL PRINCIPAL OF FEDERAL AND NEW YORK STATE GUARANTEED STUDENT LOANS
13 DIVIDED BY THE PERIOD OF REPAYMENT, AS PRESCRIBED BY THE PRESIDENT.
14 S 3. The regents of the state university may adopt any rules or regu-
15 lations necessary for the implementation of this act.
16 S 4. This act shall take effect on the first of April next succeeding
17 the date on which it shall have become a law.
