Florida Senate - 2016 COMMITTEE AMENDMENT Bill No. SB 142 Ì198794aÎ198794 LEGISLATIVE ACTION Senate . House Comm: RCS . 12/01/2015 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Judiciary (Ring) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete everything after the enacting clause 4 and insert: 5 Section 1. Section 1009.675, Florida Statutes, is created 6 to read: 7 1009.675 For the Greater Good Attorney Student Loan 8 Repayment Program.— 9 (1) There is established within the Department of Education 10 the For the Greater Good Attorney Student Loan Repayment 11 Program. The primary function of the program is to increase 12 employment and retention of attorneys in the public sector by 13 making payments that offset student loans issued or guaranteed 14 by a state or the Federal Government. The department shall 15 administer the program. 16 (2) To be eligible to participate in this program, an 17 attorney: 18 (a) Must be a member of The Florida Bar; 19 (b) Must be employed full time by a local, state, or 20 federal government; 21 (c) Must be employed in this state; 22 (d) Must have completed not more than 10 years of 23 government service, regardless of whether the attorney had a 24 break in employment of less than 2 weeks while transferring to 25 another governmental entity; 26 (e) Must be earning less than $65,000 in salary as reported 27 to the Internal Revenue Service; 28 (f) Must not have received any disciplinary action from The 29 Florida Bar; 30 (g) Must have an unsatisfied student loan that was issued 31 or guaranteed by a state or the Federal Government; and 32 (h) Is not eligible for any other state, local, or federal 33 grant or private fund that assists in student loan repayment. 34 (3) Only loans that are not in default and that were issued 35 pursuant to the Higher Education Act of 1965, 20 U.S.C. ss. 1001 36 et seq., as amended, to fund an eligible attorney’s law school 37 education shall be covered. 38 (4) From the funds available, the Department of Education 39 shall make an annual payment as follows: 40 (a) Three thousand dollars if the attorney has at least 4 41 years, but not more than 7 years, of continuous government 42 service. 43 (b) Five thousand dollars if the attorney has more than 7 44 years, but not more than 10 years, of continuous government 45 service. 46 (5) Each payment is contingent upon an annual receipt of a 47 certification affidavit. Within 30 days after the employment 48 anniversary of an eligible attorney, in order to receive a 49 payment under the program, such attorney must submit to his or 50 her employer a certification affidavit on a form authorized by 51 the department which certifies that the attorney was an eligible 52 attorney as of his or her last employment anniversary. If the 53 employer signs the affidavit, the employer shall submit the 54 affidavit to the department within 60 days after the most recent 55 employment anniversary of the eligible attorney, and each year 56 thereafter. 57 (6) Payments are not deemed taxable income. Each payment 58 shall be made directly to the financial institution that 59 services the loan and, if the eligible attorney holds more than 60 one eligible loan, for the loan that has the highest current 61 interest rate. 62 (7) If funds appropriated are insufficient to provide 63 maximum payment for eligible attorneys, the department shall 64 prorate payments for all eligible attorneys by an equal 65 percentage reduction for the year for which funds appropriated 66 are insufficient. 67 (8) The Department of Education may adopt rules necessary 68 to administer this program. 69 (9) The Greater Good Attorney Student Loan Repayment 70 Program may be funded annually contingent upon a specific 71 appropriation in the General Appropriations Act for the Greater 72 Good Attorney Student Loan Repayment Program. 73 Section 2. This act shall take effect July 1, 2016. 74 ================= T I T L E A M E N D M E N T ================ 75 And the title is amended as follows: 76 Delete everything before the enacting clause 77 and insert: 78 A bill to be entitled 79 An act relating to student loans; creating s. 80 1009.675, F.S.; creating the For the Greater Good 81 Attorney Student Loan Repayment Program to increase 82 employment and retention of attorneys in the public 83 sector; providing eligibility requirements; specifying 84 the loans that will be covered by the repayment 85 program; requiring the Department of Education to make 86 payments to eligible attorneys; providing procedures 87 to administer the program; providing that a payment is 88 not taxable income; providing procedures if 89 appropriated funds are insufficient; authorizing 90 rulemaking; providing an effective date.