03RS HB140


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HB 140 (BR 356) - De. Butler

     AN ACT relating to reorganization.
     Amend KRS 164A.050, relating to the board of directors of the Kentucky Higher Education Student Loan Corporation, to replace the chairman of the Council on Postsecondary Education with the president as a member of the board; add the following members to the board: the Kentucky State Treasurer, the president of the Association of Independent Kentucky Colleges and Universities, and the seven members of the Kentucky Higher Education Assistance Authority (KHEAA); direct that the KHEAA members serve on the Corporation coextensively with their terms as members of the board of directors of KHEAA; make other amendments to conform and clarify; confirm the Governor's Executive Order 2002-848, dated July 18, 2002, to the extent it is not otherwise confirmed by this Act.


     HCS - Delete original provisions; amend KRS 164.740 to make technical corrections to the definitions of the Kentucky Higher Education Assistance Authority; amend KRS 164.785 to permit that a Kentucky independent college or university may be accredited by a regional accrediting association recognized by the United States Department of Education rather than one specific association; amend KRS 164.753 to delete specific requirements regarding the total amount of insured student loans that may be guaranteed by the authority; amend KRS 164.7891, the Osteopathic Medicine Scholarship Program, to make recipients liable for the total repayment of the sum of all outstanding promissory notes and accrued interest; provide that all moneys repaid to the authority under the Osteopathic Medicine Scholarship Program be added to the appropriations and provide that unobligated appropriations shall not lapse; amend KRS 164A.350, the Kentucky Educational Savings Plan Trust, to make permissive rather than mandatory certain penalties on the participant's account; amend KRS 164.746 to make changes to the membership of the Kentucky Higher Education Assistance Authority; amend KRS 164A.050 to make changes to the membership of the Kentucky Higher Education Student Loan Corporation; amend KRS 164A.370, 164.748, and 164.7874 to conform; confirm Executive Orders 2002-849 and 2002-848; repeal KRS164.7893.

     Jan 7-introduced in House
     Jan 8-to Education (H)
     Jan 10-posted in committee
     Feb 5-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 6-2nd reading, to Rules
     Feb 12-posted for passage in the Regular Orders of the Day for Thursday, February 13, 2003
     Feb 19-recommitted to Appropriations and Revenue (H)

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