86R11287 KSD-F
By: Menéndez S.B. No. 883
A BILL TO BE ENTITLED
AN ACT
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.