HOUSE BILL NO. HB0202
Pilot student loan payments.
Sponsored by: Representative(s) Walters, Northrup, Sherwood, Sommers and Western and Senator(s) Gierau and Landen
A BILL
for
AN ACT relating to education; providing financial assistance to students obtaining commercial pilot certificates; requiring pilots licensed under this act to fly commercially as specified or repay funds expended by the state; requiring students to satisfy a residency requirement to qualify for the program; allowing the community college commission to forgive student debt where undue hardship exists; requiring reports; providing an appropriation; requiring rulemaking; and providing for effective dates.
Be It Enacted by the Legislature of the State of Wyoming:
Section 1. W.S. 21‑18‑227 is created to read:
21‑18‑227. Wyoming airline pilot loan repayment program; eligibility criteria; procedures; program reporting.
(a) The Wyoming airline pilot loan repayment program is created to be administered by the Wyoming community college commission established under W.S. 21‑18‑201. Applicants shall have a Wyoming residence, as defined in W.S. 22‑1‑102(a)(xxx), or shall be graduates of a Wyoming high school and may apply for loans from the program in accordance with this section.
(b) To qualify for a loan under this section, the applicant shall:
(i) Be enrolled in good standing in a program at a Wyoming community college for the purpose of receiving an aviation or related degree and a commercial pilot certificate;
(ii) Intend to obtain an airline transport pilot certification; and
(iii) Apply for federal financial assistance.
(c) Subject to the availability of funds appropriated for this program, loans under this section may be granted to qualified applicants to pay the cost of attendance for the aviation or related program and the commercial pilot certificate specified under paragraph (b)(i) of this section.
(d) A loan provided under this section shall not exceed the cost of tuition fees for the approved program and the cost of earning the commercial pilot certificate, reduced by the amount of any Pell or other federal grant and any employer based financial assistance received by the applicant.
(e) A recipient of a loan under this section may repay the loan without cash payment by earning an airline transport pilot certification and actively engaging in commercial aviation as an airline transport pilot employed by an airline that regularly flies into airports within Wyoming for three (3) years.
(f) Any recipient of a loan under this section who fails to:
(i) Complete the academic program for which the loan was provided shall commence cash repayment of the loan no later than forty‑five (45) days after the recipient leaves the academic program;
(ii) Obtain employment in the targeted occupation specified in subsection (e) of this section within two hundred forty (240) days after successfully obtaining the airline transport pilot certification, shall commence cash repayment of the loan within two hundred eighty‑five (285) days after successfully obtaining the airline transport pilot certification;
(iii) Obtain the airline transport pilot certification within two and one‑half (2 1/2) years after completion of the aviation or related program and commercial pilot certificate shall commence cash repayment of the loan.
(g) Loan repayment options under this section may be deferred for a period not to exceed five (5) years while a loan recipient is serving on full‑time active duty with any branch of the military services of the United States.
(h) The Wyoming community college commission shall have the powers and duties specified under W.S. 21‑18‑202(c) to implement this section and shall establish terms and conditions of loans issued under this section, including:
(i) Interest rates and loan terms;
(ii) The form and process for loan application, review and award;
(iii) Criteria under which students may be relieved from having to repay loans and interest thereon, in whole or in part, where the requirement to repay would cause undue hardship;
(iv) Criteria for determining the cost of attendance as used in establishing the loan amount for aviation or related programs and commercial pilot certificates based upon each semester or summer school session of full or part‑time program attendance.
(j) Funding of the loan program established under this section shall be by appropriation of the legislature. The community college commission shall transfer approved loan amounts to the appropriate Wyoming community college.
(k) Cash repayment of loans and interest thereon shall be credited to the general fund.
(m) The community college commission shall annually review the loan program established under this section and report to the governor and the legislature in accordance with W.S. 9‑2‑1014 regarding program results, funds received and loans issued during the preceding academic year, together with the status of all outstanding loan commitments and repayments under the program.
(n) Any person who receives a loan under this section shall continue to receive funding for the program as the person remains eligible as required by this section.
(o) Repayment of loans provided under this section shall continue as specified by this section until all loan obligations have been satisfied.
Section 2. There is appropriated one million five hundred thousand dollars ($1,500,000.00) from the general fund to the Wyoming community college commission for purposes of providing loans for students seeking aviation related degrees and commercial pilot certificates under W.S. 21‑18‑227 as created by section 1 of this act for the period beginning July 1, 2023 and ending June 30, 2026. This appropriation shall not be transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this appropriation on June 30, 2026 shall revert as provided by law. It is the intent of the legislature that an appropriation to fund the student loans authorized by this act be included in the community college commission's standard budget request for the 2027‑2028 fiscal biennium.
Section 3. The community college commission shall promulgate all rules necessary to implement this act.
Section 4.
(a) Except as otherwise provided by subsection (b) of this section, this act is effective July 1, 2023.
(b) Sections 3 and 4 of this act are effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.
No comments:
Post a Comment