Relating to the transfer, deposit, and appropriation of moneys to the teach Iowa scholar fund from the teacher shortage forgivable loan repayment fund and the teacher shortage loan forgiveness repayment fund

Where it is now

1. ✓
   Done: IntroducedJanuary 26, 2021
2. ✓
   Done: SubcommitteeJanuary 26, 2021
3. ✓
   Done: House committeeFebruary 2, 2021
4. ✓
   Done: Passes the HouseMarch 9, 2021
5. ✓
   Done: Senate committeeMarch 18, 2021
6. ✓
   Done: Passes the SenateMay 5, 202148–0
7. ✓
   Done: To the GovernorMay 20, 2021
8. ✓
   Done: Signed into lawMay 20, 2021

Signed into law What’s a funnel?

What’s in it

This bill provides for the transfer, deposit, or appropriation of moneys to the college student aid commission, to be used for purposes of the teach Iowa scholar program, from the teacher shortage loan forgiveness and forgivable loan programs no longer supported by state funding. The bill provides that payments the commission continues to collect from forgivable loan recipients who do not fulfill the conditions of the teacher shortage forgivable loan repayment program are to be deposited in the teach Iowa scholar fund and used for purposes of the teach Iowa scholar program.

Full bill text · What changed before it passed¹

Senate subcommittee

Named March 10, 2021. Meeting: Wednesday, March 17 · 8:30 AM · RM 111.

• Sen. Chris Cournoyer R
• Sen. Craig Johnson REmail
• Sen. J. Smith

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Fiscal note

Cost: up to $191,000 Compare with other bills

AI summary This bill transfers money from two existing teacher loan funds into the Teach Iowa Scholar Fund. It is estimated that approximately $191,000 will be transferred to the Teach Iowa Scholar Fund in fiscal year 2022.²

• Final Fiscal Note — Teach Iowa Scholar · June 10, 2021 · $191,000
• Teach Iowa Scholar · March 3, 2021 · $191,000
• Teach Iowa Scholar · February 15, 2021

Reading a fiscal note⁴

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