Bill Summary for H 134 (2011-2012)

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Bill: COMM. COLLEGES/OPT OUT OF FED'L LOAN PROG.-2 (NEW).

Summary date: 

Jun 7 2011
S.L. 2011-178

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 134 (Local) Filed Thursday, February 17, 2011
TO MODIFY THE CARTERET COUNTY OCCUPANCY TAX.
Intro. by McElraft.

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Bill summary

House committee substitute makes the following changes to 1st edition.
Deletes the provisions of the 1st edition and replaces it with AN ACT TO PROVIDE THAT CERTAIN NORTH CAROLINA COMMUNITY COLLEGES MAY OPT OUT OF PARTICIPATION IN THE WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM.
Amends GS 115D-40.1 (Financial Assistance for Community College Students) to allow a community college board of trustees to adopt a resolution declining to participate in the William D. Ford Federal Direct Loan Program (loan program). Allows a board of trustees that has adopted a resolution declining to participate in the loan program to rescind the resolution and participate in the loan program, but removes that institution’s option of declining further participation in the loan program.
Provides that this act only applies to the following: Central Carolina Community College, Pamlico Community College, Rowan-Cabarrus Community College, South Piedmont Community College, and Vance-Granville Community College.
Effective July 1, 2011.