Date: 05/03/2010

Final
BILL SUMMARY for HB10-1428

HOUSE COMMITTEE ON EDUCATION

Votes: View--> Action Taken:
Moved amendment L.002 (Attachment D). The motion
Moved to refer House Bill 10-1428, as amended, to 		Pass Without Objection
PASS



04:13 PM -- House Bill 10-1428

Representative Middleton, sponsor of House Bill 10-1428, concerning student loans, presented the bill to the committee. She explained why she is bringing the bill forward and prepared amendment L.002 (Attachment D). Representative Murray asked Representative Middleton to explain section 17 of the bill. Representative Middleton responded that Section 17 references the federal changes in student loan practices, whereby the federal government is the originator of student loans. Representative Massey asked if the state loses oversight over the program to the federal government with the passage of this legislation. Representative Middleton responded that the authority for this program will be ended, but a new plan will come forward for the state to consider. Representative Massey asked while the state is waiting for federal policy, would students lose access to funds. Representative Middleton responded, explaining the federal application for financial aid (FAFSA) process and the transitioning of student loans to the federal Department of Education. Representative Massey asked if there have been any job losses in the state because of this federal change. Representative Middleton responded that she is not aware of any effect on jobs.

10HseEd0503AttachD.pdf

04:21 PM

Representative Merrifield asked John Karakoulakis of the Department of Higher Education to come to the witness table to discuss the bill. Mr. Karakoulakis stated that the department is in support of the bill. Representative Merrifield also asked Debra Demuth of CollegeInvest to come to the witness table. Ms. Demuth stated that CollegeInvest has worked with Representative Middleton on the bill and that the bill reflects the changes in student loan practices.
BILL:HB10-1428
TIME: 04:24:29 PM
MOVED:Middleton
MOTION:Moved amendment L.002 (Attachment D). The motion passed without objection.
SECONDED:Todd
VOTE
Benefield
Massey
McNulty
Middleton
Murray
Peniston
Scanlan
Excused
Schafer S.
Summers
Tipton
Todd
Solano
Merrifield
Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB10-1428
TIME: 04:25:57 PM
MOVED:Middleton
MOTION:Moved to refer House Bill 10-1428, as amended, to the Committee on Appropriations. The motion passed on a 12-0-1 vote.
SECONDED:Todd
VOTE
Benefield
Yes
Massey
Yes
McNulty
Yes
Middleton
Yes
Murray
Yes
Peniston
Yes
Scanlan
Excused
Schafer S.
Yes
Summers
Yes
Tipton
Yes
Todd
Yes
Solano
Yes
Merrifield
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS