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Key Votes

HB 85 - Teacher Home Loan Program - Key Vote

Utah Key Votes

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Issues

Stage Details

Legislation - Bill Sent To Committee (Senate) -
Legislation - Bill Passed (House) (62-7) - (Key vote)

Title: Teacher Home Loan Program

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that would create a teacher home loan program to be administered by the State Board of Education.

Highlights:
- Provides a program loan of $15,000 to a selected loan recipient, to be used for the purchase of a primary residence [sec. 1 (2)(b)]. - Requires a loan recipient to make interest payments at a fixed interest rate equal to the state treasurer's Utah Public Treasurers Investment Fund interest rate from the January prior to loan issuance [sec. 1 (2)(c)]. - Requires loan recipients to be full-time teachers who have obtained their licenses for the first time within the past five years [sec. 1(2)(a)]. - Forgives $5,000 of the loan principal if the teacher teaches in a school district for five consecutive years after receiving the loan and the remaining amount of the loan principal if the teacher teaches in a school district for ten consecutive years [sec. 1 (2)(d)]. - $1.5 million appropriated from the Uniform School Fund to the State Board of Education to fund the Teacher Loan Program [sec. 2]. - Takes effect on July 1, 2008 [sec. 3].
Legislation - Introduced (House) -

Title: Teacher Home Loan Program

Sponsors

  • Lynn N. Hemingway (UT - D) (Out Of Office)

Co-sponsors

  • Sheryl L. Allen (UT - R) (Out Of Office)
  • Sylvia S. Andersen (UT - R) (Out Of Office)
  • Jim Bird (UT - R) (Out Of Office)
  • Jackie Biskupski (UT - D) (Out Of Office)
  • DeMar 'Bud' Bowman (UT - R) (Out Of Office)
  • Tim M. Cosgrove (UT - D) (Out Of Office)
  • Carl W. Duckworth (UT - D) (Out Of Office)
  • James Ross 'Jim' Gowans (UT - D) (Out Of Office)
  • Richard A. Greenwood (UT - R) (Out Of Office)
  • Neal B. Hendrickson (UT - D) (Out Of Office)
  • Kory M. Holdaway (UT - R) (Out Of Office)
  • Christine A. 'Chris' Johnson (UT - D) (Out Of Office)
  • David E. Litvack (UT - D) (Out Of Office)
  • Rosalind J. 'Roz' McGee (UT - D) (Out Of Office)
  • Ronda Rudd Menlove (UT - R) (Out Of Office)
  • Karen W. Morgan (UT - D) (Out Of Office)
  • Phil E. Riesen (UT - D) (Out Of Office)
  • Stephen Eric Sandstrom (UT - R) (Out Of Office)
  • LaWanna 'Lou' Shurtliff (UT - D) (Out Of Office)
  • Larry B. Wiley (UT - D) (Out Of Office)
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