HOUSE OF REPRESENTATIVES

H.B. NO.

2240

THIRTY-SECOND LEGISLATURE, 2024

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to Hawaii educator loans.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  The legislature finds that the Hawaii educator loan program was established to recruit college students to become educators and ensure that these graduates teach in the State's public schools.  The program provides loans to students who agree to teach in hard-to-fill positions at public schools or at public schools located in rural areas.  Loan recipients who successfully complete their teaching education program and go on to teach in a position that meets the requirements of the program are eligible for forgiveness of the loan.

     The legislature further finds that the State continues to face a growing shortage of qualified teachers.  The legislature believes that increasing the amount of funds available to issue loans under the Hawaii educator loan program will help to encourage more students to teach in hard-to-fill positions within the department of education, including those at rural schools.

     The purpose of this Act is to appropriate funds for the Hawaii educator loan program.

     SECTION 2.  There is appropriated out of the general revenues of the State of Hawaii the sum of $           or so much thereof as may be necessary for fiscal year 2024-2025 to be deposited into the Hawaii educator loan program revolving fund.

     SECTION 3.  There is appropriated out of the Hawaii educator loan program revolving fund the sum of $           or so much thereof as may be necessary for fiscal year 2024‑2025 to be used for the Hawaii educator loan program.

     The sum appropriated shall be expended by the university of Hawaii for the purposes of this Act.

     SECTION 4.  In accordance with section 9 of article VII of the Hawaii State Constitution and sections 37‑91 and 37‑93, Hawaii Revised Statutes, the legislature has determined that the appropriations contained in H.B. No.     , will cause the state general fund expenditure ceiling for fiscal year 2024‑2025 to be exceeded by $           or      per cent.  In addition, the appropriation contained in this Act will cause the general fund expenditure ceiling for fiscal year 2024‑2025 to be further exceeded by $           or      per cent.  The combined total amount of general fund appropriations contained in only these two Acts will cause the state general fund expenditure ceiling for fiscal year 2024‑2025 to be exceeded by $           or      per cent.  The reasons for exceeding the general fund expenditure ceiling are that:

     (1)  The appropriation made in this Act is necessary to serve the public interest; and

     (2)  The appropriation made in this Act meets the needs addressed by this Act.

     SECTION 5.  This Act shall take effect on July 1, 2024.

 

INTRODUCED BY:

_____________________________

 

 

 

 

Report Title:

Hawaii Educator Loan Program Revolving Fund; Hawaii Educator Loan Program; Appropriation; Expenditure Ceiling

 

Description:

Appropriates funds into and out of the Hawaii educator loan program revolving fund to be used to provide financial assistance for students participating under the Hawaii educator loan program.

 

 

 

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