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MS HB787
Bill
Status
Failed
2/4/2025
Primary Sponsor
Carolyn Crawford
Click for details
AI Summary
- Removes the requirement that recipients of the Mississippi Employer-Assisted Housing Teacher Program must purchase a home and reside in the county where their employing school district is located
- Maintains the maximum loan amount of $6,000 for eligible licensed teachers in areas designated by the State Board of Education as having a critical shortage of teachers
- Retains the loan-to-grant conversion structure: one year of service converts one-third of the loan to an interest-free grant, with full conversion after three years of service
- Requires repayment of the loan principal plus interest at the Stafford Loan rate for teachers who do not complete three years of service, plus reasonable attorney fees if collection proceedings are initiated
- Takes effect July 1, 2025
Legislative Description
Mississippi Employer-Assisted Housing Teacher Program; remove requirement that loan recipients must reside in county of employment.
Last Action
Died In Committee
2/4/2025
Committee Referrals
Housing1/16/2025
Full Bill Text
No bill text available