Texas 2019 - 86th Regular

Texas House Bill HB3908 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	By: Thierry H.B. No. 3908
2	2
3	3
4	4	A BILL TO BE ENTITLED
5	5	AN ACT
6	6	relating to the allocation of funds remaining in the B-On-Time
7	7	student loan account following the abolition of that account.
8	8	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	9	SECTION 1. Section 56.0092, Education Code, is amended to
10	10	read as follows:
11	11	(a) The Texas B-On-time student loan account previously
12	12	established by former Section 56.463 continues as an account in the
13	13	general revenue fund. The account consists of:
14	14	(1) gifts and grants;
15	15	(2) any legislative appropriations received for the
16	16	purpose of awarding Texas B-On-time student loans to students who
17	17	qualify and establish eligibility for the loans as described by
18	18	Subsection (c), for Subsection (e), and for discharging any other
19	19	remaining obligations under the former Texas B-On-time student loan
20	20	program;
21	21	(3) tuition set aside under Section 56.465, as that
22	22	section existed immediately before September 1, 2015, for a
23	23	semester or term occurring before the 2015 fall semester;
24	24	(4) bond proceeds deposited under Section 52.91(a);
25	25	and
26	26	(5) any other money in the account on September 1,
27	27	2015.
28	28	(b) Money in the Texas B-On-time student loan account may be
29	29	used only to pay any costs of the coordinating board related to
30	30	loans awarded under the Texas B-On-time student loan program as
31	31	provided by Subsection (c) for a semester or term occurring before
32	32	the 2020 fall semester or for purposes of Subsection (e).
33	33	(c) Beginning with the 2015 fall semester, the coordinating
34	34	board may not award an initial Texas B-On-time student loan under
35	35	the Texas B-On-time student loan program. The coordinating board
36	36	may award, for a semester or term occurring before the 2020 fall
37	37	semester, a subsequent Texas B-On-time student loan to an eligible
38	38	student who received an initial Texas B-On-time student loan before
39	39	the 2015-2016 academic year. For Texas B-On-time student loans to
40	40	be awarded as described by this subsection:
41	41	(1) students may qualify and establish continued
42	42	eligibility, as applicable, under Subchapter Q as that subchapter
43	43	existed immediately before September 1, 2015; and
44	44	(2) the coordinating board may make loans using any
45	45	money available for the purposes of the former Texas B-On-time
46	46	student loan program.
47	47	(d) On September 1, 20210, the Texas B-On-time student loan
48	48	account is abolished, and any remaining money in the account may be
49	49	appropriated only to eligible institutions in the manner provided
50	50	by Subsection (e).
51	51	(e) An appropriation under Subsection (d) must be made in
52	52	accordance with a performance-based methodology that allocates
53	53	funding among eligible institutions based on a three-year average
54	54	of the number of bachelor's degrees conferred on at-risk student.
55	55	formula, adopted by coordinating board rule, that the coordinating
56	56	board determines fairly allocates the appropriated amount to those
57	57	eligible institutions at which the Texas B-On-time student loan
58	58	program was underutilized. For purposes of this subsection
59	59	, the
60	60	Texas B-On-time student loan program is considered to have been
61	61	underutilized by students of an institution in any period if the
62	62	institution's percentage of the total amount of tuition set aside
63	63	by all institutions under the program during the period was greater
64	64	than the institution's percentage of all students who received a
65	65	Texas B-On-time student loan under the program for the same period.
66	66	The coordinating board shall base the coordinating board's
67	67	determination on a period of academic years occurring before the
68	68	2015-2016 academic year that the coordinating board considers
69	69	representative of eligible institutions' student participation in
70	70	the Texas B-On-time student loan program.
71	71	(f) In this section, "eligible institution" means a general
72	72	academic teaching institution described by Section 56.451(2)(A) or
73	73	a medical and dental unit described by Section 56.451(2)(B), as
74	74	those paragraphs existed immediately before September 1, 2015.
75	75	(g) In this section, "at-risk student" means an
76	76	undergraduate student of an institution of higher education:
77	77	(1) whose score on the Scholastic Assessment Test
78	78	(SAT) or the American College Test (ACT), excluding the optional
79	79	essay component, is less than the national mean score of students'
80	80	scores on that test; or
81	81	(2) who has previously received a grant under the
82	82	federal Pell Grant program or met the Expected Family Contribution
83	83	(EFC) criterion for a grant under that program.
84	84	SECTION 2. This Act takes effect immediately if it receives
85	85	a vote of two-thirds of all the members elected to each house, as
86	86	provided by Section 39, Article III, Texas Constitution. If this
87	87	Act does not receive the vote necessary for immediate effect, this
88	88	Act takes effect September 1, 2019.