Key Votes
HB 85 - Teacher Home Loan Program - Key Vote
Utah Key Votes
Stages
Family
Issues
Stage Details
Legislation - Bill Sent To Committee (Senate) - Feb. 8, 2008
Legislation - Bill Passed (House) (62-7) - Feb. 5, 2008 (Key vote)
Title: Teacher Home Loan Program
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) - Dec. 20, 2007
Title: Teacher Home Loan Program
Vote Smart's Synopsis:
Project Vote Smart staff and volunteers are working hard to produce a clear and accurate summary of the contents of the bill. At this time, we have posted the voting record for HB 85 so you can see how the office holder representing you has voted on this piece of legislation. We will have a detailed summary available as soon as possible.
For further status information, call the Voter's Research Hotline at 1-888-VOTE-SMART (1-888-868-3762).
Sponsors
Co-sponsors
- Sheryl L. Allen (UT - R) (Out Of Office)
- Sylvia S. Andersen (UT - R) (Out Of Office)
- Jim Bird (UT - R)
- Jackie Biskupski (UT - D) (Out Of Office)
- DeMar 'Bud' Bowman (UT - R) (Out Of Office)
- Melvin R. 'Mel' Brown (UT - R)
- Tim M. Cosgrove (UT - D)
- Jack R. Draxler (UT - R)
- Carl W. Duckworth (UT - D) (Out Of Office)
- Gage Froerer (UT - R)
- James Ross 'Jim' Gowans (UT - D) (Out Of Office)
- Richard A. Greenwood (UT - R)
- 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)
- Karen W. Morgan (UT - D) (Out Of Office)
- Paul Ray (UT - R)
- Phil E. Riesen (UT - D) (Out Of Office)
- Stephen Eric Sandstrom (UT - R) (Out Of Office)
- LaWanna 'Lou' Shurtliff (UT - D) (Out Of Office)
- Mark A. Wheatley (UT - D)
- Larry B. Wiley (UT - D)
