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NM SB151

NM SB151
Educational Loan Repayment


summary

Introduced
01/31/2021
In Committee
02/10/2021
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO HIGHER EDUCATION; ENACTING THE INSTRUCTIONAL SUPPORT PROVIDER LOAN REPAYMENT ACT; PROVIDING POWERS AND DUTIES; CREATING A FUND.

AI Summary

This bill enacts the Instructional Support Provider Loan Repayment Act, which aims to increase the number of instructional support providers (such as educational assistants, counselors, and nurses) in public schools through an educational loan repayment program. The bill outlines the powers and duties of the Higher Education Department, the eligibility and qualification requirements for applicants, the criteria for loan repayment awards, and the creation of an "Instructional Support Provider Loan Repayment Fund" to fund the program. The bill also sets contract terms, payment schedules, and reporting requirements, and allows the Department to cancel contracts for reasonable cause.

Committee Categories

Budget and Finance, Education

Sponsors (1)

Last Action

SEC: Reported by committee with Do Pass recommendation (on 02/10/2021)

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