Bill Text: TX SB883 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to use of a tuition set-aside to fund the doctoral incentive loan repayment program.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2019-03-01 - Referred to Higher Education [SB883 Detail]
Download: Texas-2019-SB883-Introduced.html
| 86R11287 KSD-F | ||
| By: Menéndez | S.B. No. 883 | |
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| relating to use of a tuition set-aside to fund the doctoral | ||
| incentive loan repayment program. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 56.095, Education Code, is amended by | ||
| adding Subsection (b) to read as follows: | ||
| (b) Each institution of higher education shall set aside a | ||
| portion of the tuition collected from each student enrolled in a | ||
| doctoral degree program, other than a law or health professional | ||
| degree program, equal to $4 for each semester credit hour for which | ||
| the student is enrolled. The amount set aside shall be transferred | ||
| to the comptroller to be maintained in the state treasury for the | ||
| sole purpose of repayment of student loans of individuals employed | ||
| as faculty and administrators at institutions of higher education | ||
| in this state as provided by this subchapter. The money may be used | ||
| only to provide loan repayment under this subchapter and to cover | ||
| the costs of administering this subchapter. | ||
| SECTION 2. Section 56.095(b), Education Code, as added by | ||
| this Act, applies beginning with tuition paid for the 2019-2020 | ||
| academic year. | ||
| 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, 2019. | ||
