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S.F. No. 3062 - Loan forgiveness program technical and clarifying modifications (as amended by SCS3062A-1)
Author: Senator Michelle L. Fischbach
Prepared By: Priyanka Premo, Senate Counsel (651/296-3914)
Date: March 13, 2018


S.F. 3062 makes technical and clarifying changes to four loan forgiveness programs: (1) aviation; (2) teacher shortage; (3) agricultural educators; and (4) large animal veterinarian.

Sections 1 and 7 specify that the aviation loan forgiveness program account is established in the special revenue fund.

Sections 2 and 4 specify that the teacher shortage loan forgiveness account is established in the special revenue fund.

Sections 3 and 5 establish the large animal veterinarian loan forgiveness program in the special revenue fund and require the commissioner of the Office of Higher Education to use the account money to establish and administer the program. Any appropriations to the commissioner for this program are for transfer to the fund.

Section 6 establishes the agricultural educators loan forgiveness account in the special revenue fund.

Section 8 sets an expiration date of June 30, 2019 for a 2016 appropriation to the teacher shortage loan forgiveness program.

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