Rep. Jim Watson

Filed: 5/2/2011

 

 


 

 


 
09700SB0170ham001LRB097 04012 JDS 54855 a

1
AMENDMENT TO SENATE BILL 170

2    AMENDMENT NO. ______. Amend Senate Bill 170 on page 11,
3immediately below line 18, by inserting the following:
4    "(l-5) Establish a locally held account to be maintained
5and administered for the Therkelsen/Hansen College Loan Fund
6(referred to as the Fund). Existing funds for this purpose
7shall be transferred from the State Treasury to the locally
8held account. The Department shall promulgate rules regarding
9the Fund; the use of funds; the eligibility of potential
10borrowers; the awarding and repayment of loans; and other
11rules, as applicable. The administration of the Fund and the
12promulgation of rules shall meet the requirements of the will
13of Petrea Therkelsen, which establishes the Fund.".