Bill Text: TX HB3265 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the administration of the Texas B-On-time loan program to permit a portion of tuition set-asides to be used to fund tuition exemptions for veterans and other student financial assistance.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2013-04-17 - Left pending in committee [HB3265 Detail]
Download: Texas-2013-HB3265-Introduced.html
| 83R9535 JSA-D | ||
| By: Turner of Tarrant | H.B. No. 3265 | |
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| relating to the administration of the Texas B-On-time loan program | ||
| to permit a portion of tuition set-asides to be used to fund tuition | ||
| exemptions for veterans and other student financial assistance. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 56.465, Education Code, is amended by | ||
| amending Subsection (b) and adding Subsections (c) and (d) to read | ||
| as follows: | ||
| (b) Subject to Subsection (c), the [ |
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| set aside under Subsection (a) shall be deposited to the credit of | ||
| the Texas B-On-time student loan account established under Section | ||
| 56.463 or to the interest and sinking fund established by the | ||
| coordinating board under Section 52.91(b) in accordance with the | ||
| resolution of the board establishing such fund. | ||
| (c) If the amount of tuition set aside under Subsection (a) | ||
| at an institution of higher education in an academic year exceeds | ||
| the amount necessary to fund loans to students of the institution | ||
| under the Texas B-On-time loan program in that academic year, the | ||
| coordinating board shall permit the institution to retain the | ||
| portion of the tuition set aside at the institution that exceeds the | ||
| amount necessary to fund loans to students of the institution under | ||
| the program. The institution is not required to deposit that | ||
| portion of the tuition to the credit of the Texas B-On-time student | ||
| loan account or to the interest and sinking fund established under | ||
| Section 52.91(b). Any amount retained by the institution under | ||
| this subsection may be used only to fund exemptions for veterans and | ||
| their family members under Section 54.341. If the amount retained | ||
| exceeds the amount necessary to fully fund those exemptions, the | ||
| institution shall use any remaining amount to provide financial | ||
| assistance to students of the institution in the same manner as | ||
| tuition set aside at the institution under Section 56.011. | ||
| (d) Under Subsection (c), the coordinating board may not | ||
| permit institutions to retain a portion of tuition set aside under | ||
| Subsection (a) that would have an adverse impact on the repayment of | ||
| bonds issued to provide funding to support the Texas B-On-time loan | ||
| program. | ||
| SECTION 2. The change in law made by this Act to Section | ||
| 56.465, Education Code, does not affect the application of that | ||
| section to tuition set aside under that section for any semester or | ||
| other academic term before the 2013 fall semester, and the former | ||
| law is continued in effect for purposes of the use of that amount | ||
| under the Texas B-On-time loan program. | ||
| SECTION 3. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2013. | ||
