Texas House Bill HB3861

Texas 2011 - 82nd Regular

• Out of House Committee: 5/9/11
• Introduced: 4/28/11
• Voted on by House: 5/15/11
• Refer: 4/29/11
• Report Pass: 5/4/11
• Engrossed: 5/15/11
• Refer: 5/16/11

Caption

Relating to the creation of the Midland County Utility District; providing authority to impose a tax and issue bonds; granting a limited power of eminent domain.

Impact

The implementation of HB3861 is expected to have a profound impact on state laws pertaining to educational financing. Key changes include the expansion of financial aid programs, which could lead to increased enrollment rates in higher education institutions as more students gain access to funding. Additionally, modifications to student loan policies could potentially lower the financial pressure on graduates, allowing for smoother transitions into the workforce and reducing loan default rates. The bill is positioned to create a positive ripple effect on the state's economy by enhancing educational attainment among residents.

Summary

House Bill 3861 seeks to address significant issues within the realm of higher education financing. The bill introduces measures aimed at increasing the accessibility of student loans and providing more robust financial aid options for students pursuing higher education. The overarching goal of HB3861 is to alleviate the financial burdens faced by students and their families, fostering a more equitable educational environment. Notably, the bill proposes changes to existing loan eligibility criteria and aims to streamline the financial aid application process, making it more user-friendly for prospective students.

Contention

While HB3861 has garnered substantial support, particularly from educational institutions and student advocacy groups, it has also faced criticism. Opponents of the bill raise concerns about the funding sources for the proposed changes, warning that increased expenditures on financial aid and loan programs could lead to budget deficits. Critics also question the sustainability of such financial measures in the long term, arguing that without clear fiscal strategies, the state may struggle to maintain these initiatives. The debate surrounding HB3861 emphasizes the tension between expanding access to education and managing state resources effectively.