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.
Spectrum: Partisan Bill (Democrat 1-0)
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. |