Legislature(1997 - 1998)
1997-05-05 House Journal
Full Journal pdf1997-05-05 House Journal Page 1520 HB 256 The following was read the second time: HOUSE BILL NO. 256 "An Act relating to regulation of postsecondary educational institutions; and providing for an effective date." with the: Journal Page HES RPT 4DP 1NR 1443 FISCAL NOTE (DOE) 1443 Amendment No. 1 was offered by Representatives Davis and Kott: Page 1, line 1, following "to" (title amendment): Insert "calculation of the default rate for purposes of the student loan program and to" Page 1, following line 3: Insert a new bill section to read: "* Section 1. AS 14.43.120(d) is amended to read: (d) Scholarship loans may not be made to a student (1) for more than a total of $42,500 for undergraduate study; 1997-05-05 House Journal Page 1521 HB 256 (2) for more than a total of $47,500 for graduate study; (3) for more than a combined total of $60,000 for undergraduate and graduate study; (4) to attend an institution ª,ß if the total amount of scholarship loans made to students to attend that institution exceeds $100,000 and the default rate on those loans is (A) greater than 20 percent but less than 25 percent, and the institution is unable to reduce its default rate within 24 months after the rate determination; or (B) equal to or greater than 25 percent for two consecutive calendar years; for purposes of this paragraph, the default rate shall ªANNUALLYß be determined by the commission for each annual group of ªFROMß loans required to be repaid under (g) of this section on or after July 1, 1996; if a scholarship loan is refused based on the provisions of this paragraph and, under a subsequent default rate determination, an institution's default rate does not exceed the limits established under this paragraph, the commission may not refuse to issue a scholarship loan to attend that institution based on the provisions of this paragraph." Page 1, line 4: Delete "Section 1." Insert "Sec. 2." Renumber the following bill sections accordingly. Page 5, line 5: Delete "sec. 2" Insert "sec. 3" Page 5, line 14: Delete "sec. 13" Insert "sec. 14" Page 5, line 15: Delete "Section 11" Insert "Section 12" Page 5, line 16: Delete "sec. 12" Insert "sec. 13" 1997-05-05 House Journal Page 1522 HB 256 Representative Davis moved and asked unanimous consent that Amendment No. 1 be adopted. Objection was heard and withdrawn. There being no further objection, Amendment No. 1 was adopted and the new title appears below: HOUSE BILL NO. 256 am "An Act relating to calculation of the default rate for purposes of the student loan program and to regulation of postsecondary educational institutions; and providing for an effective date." Representative Porter moved and asked unanimous consent that HB256 am be considered engrossed, advanced to third reading and placed on final passage. There being no objection, it was so ordered. HB 256 am was read the third time. The question being: "Shall HB 256 am pass the House?" The roll was taken with the following result: HB 256 am Third Reading Final Passage YEAS: 38 NAYS: 1 EXCUSED: 0 ABSENT: 1 Yeas: Austerman, Barnes, Berkowitz, Brice, Bunde, Croft, Davies, Davis, Dyson, Elton, Foster, Green, Grussendorf, Hanley, Hodgins, Hudson, Ivan, James, Joule, Kelly, Kemplen, Kohring, Kookesh, Kott, Kubina, Martin, Masek, Moses, Mulder, Nicholia, Phillips, Porter, Rokeberg, Ryan, Sanders, Therriault, Vezey, Williams Nays: Ogan Absent: Cowdery And so, HB 256 am passed the House. Representative Porter moved and asked unanimous consent that the roll call on the passage of the bill be considered the roll call on the effective date clause. There being no objection, it was so ordered. 1997-05-05 House Journal Page 1523 HB 256 HB 256 am was referred to the Chief Clerk for engrossment.