HF 880

as introduced - 89th Legislature (2015 - 2016) Posted on 03/23/2015 03:53pm

A bill for an act
relating to education; postsecondary; providing loan forgiveness to individuals
teaching in agricultural education; authorizing rulemaking; appropriating money;
proposing coding for new law in Minnesota Statutes, chapter 136A.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [136A.1791] AGRICULTURAL EDUCATION LOAN FORGIVENESS
PROGRAM.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For purposes of this section, the terms in this
subdivision have the meanings given them.
new text end

new text begin (b) "Qualified education loan" means a government, commercial, or foundation loan
for actual costs paid for tuition, reasonable education expenses, and reasonable living
expenses related to the graduate or undergraduate education of a qualified teacher.
new text end

new text begin (c) "Qualified teacher" means a teacher licensed under chapter 122A who:
new text end

new text begin (1) is employed in a nonadministrative position teaching agricultural education in
any grade from grades 5 through 12 at a Minnesota school during the current year; and
new text end

new text begin (2) has completed an undergraduate or graduate program in agricultural education at
a college or university approved by the Board of Teaching to prepare persons for teacher
licensure.
new text end

new text begin (d) "School" means the following:
new text end

new text begin (1) a school or program operated by a school district or a group of school districts;
new text end

new text begin (2) a tribal contract school eligible to receive aid according to section 124D.83;
new text end

new text begin (3) a charter school; or
new text end

new text begin (4) a private school.
new text end

new text begin Subd. 2. new text end

new text begin Creation of account. new text end

new text begin (a) An agricultural education loan forgiveness
program account is established to provide qualified teachers with financial assistance in
repaying qualified education loans. The commissioner shall use money from the account
to establish and administer a loan forgiveness program.
new text end

new text begin (b) Appropriations made to the agricultural education loan forgiveness program
account do not cancel and are available until expended.
new text end

new text begin Subd. 3. new text end

new text begin Eligibility. new text end

new text begin To be eligible to participate in the loan forgiveness program
under this section, an individual must:
new text end

new text begin (1) be a qualified teacher;
new text end

new text begin (2) have qualified education loans; and
new text end

new text begin (3) submit an application to the commissioner in the form and manner prescribed by
the commissioner.
new text end

new text begin Subd. 4. new text end

new text begin Loan forgiveness. new text end

new text begin (a) The commissioner may select eligible applicants
each year for participation in the agricultural education loan forgiveness program, within
the limits of available funding. Applicants are responsible for securing their own qualified
education loans.
new text end

new text begin (b) The commissioner must make annual disbursements directly to the eligible
participant of $3,000 or the balance of the participant's qualified education loans,
whichever is less, for each year that the participant meets the eligibility requirements
under subdivision 3, up to a maximum of five years.
new text end

new text begin (c) The participant must provide the commissioner with verification that the full
amount of the loan repayment disbursement received by the participant has been applied
toward the designated qualified education loan. After each disbursement, verification must
be received by the commissioner and approved before the next repayment disbursement
is made.
new text end

new text begin Subd. 5. new text end

new text begin Rules. new text end

new text begin The commissioner may adopt rules to implement this section.
new text end

Sec. 2. new text begin LOAN FORGIVENESS; APPROPRIATION.
new text end

new text begin $....... in fiscal year 2016 and $....... in fiscal year 2017 are appropriated from
the general fund to the commissioner of the Office of Higher Education for the loan
forgiveness program under section 1, to be deposited in the agricultural education loan
forgiveness program account.
new text end