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MS HB860
Bill
Status
3/28/2012
Primary Sponsor
Nolan Mettetal
Click for details
AI Summary
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Directs all funds received from repayment of Critical Needs Teacher Scholarship awards by program participants to be deposited in the Consolidated Revolving Loan Fund rather than other funds.
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Amends Section 37-143-19 to specify that repayment of scholarship awards under Section 37-159-3(11) shall be deposited in the consolidated revolving loan fund along with loan repayments.
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Modifies Section 37-159-17 to conform the Mississippi Critical Teacher Shortage Fund language to the new deposit requirements for scholarship repayments.
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Allows the Board of Trustees of State Institutions of Higher Learning to use the consolidated revolving loan fund for operating all authorized loan and scholarship programs.
Legislative Description
Scholarship awards; provide that certain repayments of shall be deposited in the Consolidated Revolving Loan Fund.
Last Action
Due From Governor 04/04/12
3/29/2012