Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 http://budget.kansas.gov
Adam C. Proffitt, Director Laura Kelly, Governor
Division of the Budget
February 12, 2024
The Honorable Adam Thomas, Chairperson
House Committee on Education
300 SW 10th Avenue, Room 218-N
Topeka, Kansas 66612
Dear Representative Thomas:
SUBJECT: Fiscal Note for HB 2644 by House Committee on Education
In accordance with KSA 75-3715a, the following fiscal note concerning HB 2644 is
respectfully submitted to your committee.
HB 2644 would establish uniform interest rate provisions for service scholarships
administered by the Board of Regents that have repayment obligations as a part of the terms and
conditions of the scholarship. Under current law, the interest rate for each service scholarship is
outlined in individual statutes. The bill would create an interest rate of 5.0 percent per annum
which would begin to accrue when the repayment obligation begins.
The bill would allow the Board to recover the reasonable costs of collection, including, but
not limited to, court costs, attorney fees, and collection agency fees, from any individual who is
subject to a repayment obligation arising under any scholarship, grant, or other student financial
aid program. The bill would allow the Chief Executive Officer of the Board to fix, charge, and
collect fees for the processing of applications and other activities related to the administration of
student financial assistance programs administered by the Board.
The Board of Regents indicates enactment of the bill would have a negligible fiscal effect
on agency operations.
Sincerely,
Adam C. Proffitt
Director of the Budget
cc: Becky Pottebaum, Board of Regents