AB 464 — Postsecondary education: assumption of student loans.
Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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✓Introduced
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2In Committee
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3Passed Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2009-2010 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Existing law establishes the Assumption Program of Loans for Education, administered by the Student Aid Commission, under which program participants who meet designated criteria may enter into an agreement for loan assumption, to be redeemed pursuant to a prescribed procedure upon becoming employed as a teacher if he or she satisfies certain conditions. Existing law provides for an additional assumption of liability for a person who teaches certain subjects in the lowest 60 percentile of, or at a school in the lowest two deciles on, the Academic Performance Index rankings. The maximum that may be expended on these additional assumption provisions in any one academic year is $5,000,000. This bill would increase that limit to a maximum of $5,100,000 in any academic year.
Bill Text
What changed in the latest version
1 added · 1 removed1 line(s) added, 1 removed.
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- Introduced 02/24/09 - Introduced Current pdf February 24, 2009
- AB464 View text html
Action History
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From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
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Referred to Com. on HIGHER ED.
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From printer. May be heard in committee March 27.
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Read first time. To print.
Sponsors
- Coto · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Coto
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does AB 464 do?
- Existing law establishes the Assumption Program of Loans for Education, administered by the Student Aid Commission, under which program participants who meet designated criteria may enter into an agreement for loan assumption, to be redeemed pursuant to a prescribed procedure upon becoming employed as a teacher if he or she satisfies certain conditions. Existing law provides for an additional assumption of liability for a person who teaches certain subjects in the lowest 60 percentile of, or at a school in the lowest two deciles on, the Academic Performance Index rankings. The maximum that may be expended on these additional assumption provisions in any one academic year is $5,000,000. This bill would increase that limit to a maximum of $5,100,000 in any academic year.
- Who sponsors AB 464?
- AB 464 is sponsored by Coto.
- What is the current status of AB 464?
- This bill died with 2009-2010 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track AB 464?
- Track AB 464 free on One Click Politics — get push/email alerts when it moves.
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