exempt

                                                   (REPRINTED WITH ADOPTED AMENDMENTS)

 

Senate Bill No. 391–Committee on Finance

 

March 19, 2001

____________

 

Referred to Committee on Finance

 

SUMMARY—Makes appropriation to Western Interstate Commission for Higher Education’s fund for student loans to provide scholarships to certain students. (BDR S‑282)

 

FISCAL NOTE:  Effect on Local Government: No.

                             Effect on the State: Yes.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to education; making an appropriation to the Western Interstate Commission for Higher Education’s fund for student loans to provide scholarships to certain students; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. 1.  There is hereby appropriated from the state general

1-2  fund to the Western Interstate Commission for Higher Education’s fund for

1-3  student loans created pursuant to NRS 397.063:

1-4  For the fiscal year 2001-2002................ $25,000

1-5  For the fiscal year 2002-2003................ $50,000

1-6    2.  The three commissioners from the State of Nevada, acting jointly,

1-7  shall use the money appropriated pursuant to subsection 1 solely to provide

1-8  scholarships to 10 students who are certified to study to practice in the

1-9  profession of teaching or nursing.

1-10  3.  The scholarships provided pursuant to subsection 2 must be used by

1-11  the student to attend an out-of-state university or community college.

1-12  4.  As a condition for receipt of a scholarship, a student must agree to

1-13  practice for at least 1 year in an underserved area of this state in the

1-14  profession in which he is certified to study. The terms and conditions of the

1-15  scholarship, including, without limitation, the terms and conditions for

1-16  repayment of the scholarship, must be set forth in a contract between the

1-17  student and the grantor.

1-18  5.  If a student who receives a scholarship does not practice for at least

1-19  1 year in an underserved area of this state in the profession in which he was

1-20  certified to study, the student shall repay the scholarship subject to the

1-21  terms and conditions prescribed pursuant to subsection 6.

2-1    6.  The three commissioners from the State of Nevada, acting jointly:

2-2    (a) Shall adopt regulations that prescribe the terms and conditions for

2-3  repayment of a scholarship if a student fails to practice for at least 1 year in

2-4  an underserved area of this state in the profession in which he was certified

2-5  to study.

2-6    (b) May adopt such regulations as are necessary to carry out the

2-7  provisions of this section.

2-8    7.  Any balance of the appropriations made by subsection 1 remaining

2-9  at the end of the respective fiscal years must not be committed for

2-10  expenditure after June 30 of the respective fiscal years and reverts to the

2-11  state general fund as soon as all payments of money committed have been

2-12  made.

2-13  Sec. 2.  This act becomes effective on July 1, 2001.

 

2-14  H