Today's Law As Amended


Bill PDF |Add To My Favorites | print page

SB-212 Student financial aid: Assumption Program of Loans for Education.(2013-2014)



As Amends the Law Today


SECTION 1.
 It is the intent of the Legislature to restore the funding for the Assumption Program of Loans for Education (APLE) to its 2011–12 fiscal year level.

SEC. 2.

 Section 69615.8 of the Education Code is amended to read:

69615.8.
 Notwithstanding any other law, in any  the 2013–14  fiscal year, the commission shall award no more than the number of loan assumption agreements that are authorized by the Governor and the Legislature in the annual Budget Act for that year for  7,200 new warrants for  the assumption of loans pursuant to this article.
SEC. 3.
 The sum of five million dollars ($5,000,000) is hereby appropriated from the General Fund to the Student Aid Commission for the funding of warrants for the assumption of loans under the Assumption Program of Loans for Education (Article 5 (commencing with Section 69612) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code) for the 2013–14 fiscal year.
SEC. 4.
 This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the Constitution and shall go into immediate effect. The facts constituting the necessity are:
In order for the Assumption Program of Loans for Education to be adequately funded for the 2013–14 fiscal year, it is necessary that this act take effect immediately.