summary
Introduced
01/20/2022
01/20/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO HIGHER EDUCATION; ENACTING THE CAREER TECHNICAL EDUCATION LOAN FOR SERVICE ACT; CREATING A LOAN FOR SERVICE PROGRAM IN THE HIGHER EDUCATION DEPARTMENT; PROVIDING CONTRACT TERMS; REQUIRING REPAYMENT THROUGH SERVICE; MAKING AN APPROPRIATION.
AI Summary
This bill enacts the Career Technical Education Loan for Service Act, which creates a loan program within the Higher Education Department to provide tuition and fee assistance for students enrolled in career technical programs at community colleges in New Mexico. The loans can be partially or fully forgiven if the recipient practices the career technical vocation in New Mexico for a specified period of time. The bill also establishes eligibility criteria for the loans, contract terms, and provisions for loan repayment, cancellation, and reporting requirements. An appropriation of $5 million from the general fund is made to the Career Technical Education Loan for Service Fund to carry out the program.
Sponsors (1)
Last Action
Action Postponed Indefinitely (on 01/20/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=131&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0131.pdf |
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