Texas House Bill HB3940

Texas 2009 - 81st Regular

• Out of House Committee: 5/7/09

Caption

Relating to student loan repayment assistance for certain employees of the legislative branch.

Impact

This bill, once enacted, will amend the Education Code by introducing a new subchapter dedicated to state employee loan repayment assistance. Eligible state employees, who meet certain conditions such as full-time employment and a five-year continuous state employment obligation, can apply for this repayment assistance. The program aims to utilize available state funds and private donations to manage the financial support effectively, which may enhance the state's ability to attract and retain qualified employees in various state agencies.

Summary

House Bill 3940 seeks to establish a comprehensive Student Loan Repayment Assistance Program specifically aimed at full-time state employees. This initiative is intended to alleviate the financial burden of student loans for individuals committed to serving the state, encouraging them to pursue and maintain careers in public service. Through this program, the Texas Higher Education Coordinating Board is authorized to provide assistance in repaying student loans, thus supporting the state workforce and enhancing employee retention.

Contention

Notable points of contention surrounding HB 3940 may arise regarding the program's funding and the criteria for eligibility. While proponents argue that assisting state employees with loan repayment will encourage a more dedicated workforce, critics may raise concerns about the long-term fiscal implications for the state budget. Questions may also emerge regarding the equity of the program, as it specifically targets state employees while leaving out other sectors of the workforce that may also be burdened by student loan debt.