RELATING TO RENEWABLE PORTFOLIO STANDARDS.
HB 1023 sought to boost teacher retention by expanding loan forgiveness eligibility and increasing repayment amounts from $6,000 to $10,000 for critical shortage areas.
HB 1023 sought to boost teacher retention by expanding loan forgiveness eligibility and increasing repayment amounts from $6,000 to $10,000 for critical shortage areas.
Bill Number: HB 1023
Title: To Amend the State Teacher Education Program; and to Amend the Eligibility Requirements for Loan Forgiveness and the Loan Repayment Amounts Under the State Teacher Education Program
Status: Died in House Committee at Sine Die adjournment
Introduced: November 20, 2024
Sponsor: Rep. A. Collins
House Bill 1023 aimed to amend the existing State Teacher Education Program in Arkansas. The primary intent was to enhance the eligibility requirements for loan forgiveness and to increase the loan repayment amounts available to teachers participating in the program. This legislation sought to address teacher shortages in specific subject areas and geographic locations by providing more substantial financial incentives for educators.
The bill proposed several significant changes to the State Teacher Education Program:
Eligibility Requirements:
Loan Repayment Amounts:
Targeted Areas:
Exclusions:
The fiscal impact statement estimated a revenue impact of $1,570,769 based on a projected 40% increase in current award levels. This calculation considered the number of licensed K-12 teachers who received awards and applied similar percentages to early childhood education teachers.
The bill would have primarily affected:
- Public School Teachers: Those teaching in K-12 and early childhood education settings.
- Educational Institutions: Schools in areas with teacher shortages would benefit from increased teacher retention.
- State Education Funding: The changes would have implications for the Higher Ed Grants Fund, which is supported by general revenue and the Education Trust Fund.
While HB 1023 aimed to provide significant enhancements to the State Teacher Education Program, it ultimately did not progress beyond the committee stage. The proposed changes reflected a commitment to addressing teacher shortages and improving educational outcomes in Arkansas.
Compiled from official sources — confirm details with the bill’s official record.
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