Today's Law As Amended


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AB-843 Student financial aid: Assumption Program of Loans for Education.(2019-2020)



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 69613.4 of the Education Code is amended to read:

69613.4.
 (a) The terms of a loan assumption granted under this article shall be as follows, subject to the specific terms of each agreement:
(1) After a program participant has completed one school year of classroom instruction pursuant to Section 69613.2, the commission shall assume up to two thousand dollars ($2,000) of the participant’s outstanding liability under one or more of the designated educational loan programs.
(2) After a program participant has completed two consecutive school years of instruction, the commission shall assume up to an additional three thousand dollars ($3,000) of the participant’s outstanding liability under one or more of the designated educational loan programs, for a total loan assumption of up to five thousand dollars ($5,000).
(3) After a program participant has completed three consecutive school years of teaching service, the commission shall assume up to a maximum of an additional three thousand dollars ($3,000) of the participant’s outstanding liability under one or more of the designated educational loan programs, for a total loan assumption of up to eight thousand dollars ($8,000).
(4) After a program participant has completed four consecutive school years of teaching service, the commission shall assume up to a maximum of an additional three thousand dollars ($3,000) of the participant’s outstanding liability under one or more of the designated educational loan programs, for a total loan assumption of up to eleven thousand dollars ($11,000).
(b) If a program participant is unable to complete a school year of teaching, that school year may still be counted as completed if any of the following occur:
(1) The program participant has completed at least one-half of the school year.
(2) The employer deems the program participant to have fulfilled the program participant’s contractual requirements for the school year for the purposes of salary increases, probationary or permanent status, and retirement.
(3) The program participant was not able to teach due to the financial circumstances of the school district, including a decision to not reelect the employee for the next succeeding school year.
(4) The program participant has a condition covered under the federal Family and Medical Leave Act of 1993 (29 U.S.C. Sec. 2601 et seq.) or similar state law.
(5) The program participant was called or ordered to active duty status for more than 30 days as a member of a reserve component of the Armed Forces of the United States.
(b) (c)  For purposes of this section, “school year” means at least 175 school days or its equivalent.
(c) (d)  An applicant who teaches on less than a full-time basis may participate in the program, but shall not be eligible for loan repayment until that person teaches for the equivalent of a full-time academic year.

SEC. 2.SEC. 3.

 Section 69613.8 of the Education Code is amended to read:

69613.8.
 In (a)  Upon an appropriation by the Legislature for this purpose, in  addition to the amounts set forth in subdivision (a) of Section 69613.4, for each of the four years of classroom instruction referenced in subdivision (a) of Section 69613.4, the following loan assumption benefits shall be granted: ____ dollars ($____) of additional liability shall be assumed for a person who holds a credential appropriate for teaching, and who teaches, mathematics, science, special education, bilingual education, or career technical education in a school district that is determined to be in need of differentiated assistance pursuant to subdivision (c) of Section 52071. 
(a) One thousand dollars ($1,000) of additional liability per year shall be assumed for a person who holds a credential appropriate for teaching, and who teaches, mathematics, science, or special education in the lowest 60 percentile of Academic Performance Index rankings.
(b) One thousand dollars ($1,000) of additional liability per year shall be assumed for a person who teaches in a school in the lowest two deciles on the Academic Performance Index rankings. Eligibility for the benefit set forth in this subdivision shall be limited to a person who holds a credential appropriate for teaching, and who teaches, mathematics, science, or special education.
(c) (b)  Not more than a total of five million dollars ($5,000,000) shall be expended in any academic year for the purposes of this section.
(d) (c)  The commission shall award benefits payable under this section upon receipt of all documentation necessary to establish eligibility for the additional loan assumption benefits. Payments  Upon appropriation as specified in subdivision (a), payments  shall be made to applicants in the order received until the five million dollars ($5,000,000) authorized by subdivision (c) (b)  has been expended.

SEC. 3.SEC. 4.

 Section 69615.8 of the Education Code is amended to read:

69615.8.
 Notwithstanding any other law, in any  upon an appropriation by the Legislature for this purpose, in the 2020–21  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.