HB 355 Education Assistance Authority.
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State Education Assistance Authority. Requires the State Education Assistance Authority (SEAA) to separate those assets necessary or required to support non-federal, state-sponsored student loan programs from those required to guarantee federal loan programs. The SEAA maintains reserves for both federal and state programs to pay claims by lenders. Reserve funds for federal programs are already deemed federal property by the Supreme Court and federal legislation; this measure would provide similar protection for reserves for the Edvantage loan program, a state student loan program. This bill is identical to SB 517.

Full text:
01/16/96  House: Presented & ordered printed 964898807  pdf
02/20/96  House: Bill text as passed House and Senate (HB355ER)  pdf
03/19/96  Governor: Acts of Assembly Chapter text (CHAP0188)  pdf

01/16/96  House: Presented & ordered printed 964898807
01/16/96  House: Referred to Committee on Education
01/22/96  House: Reported from Education (22-Y 0-N)
01/23/96  House: Read first time
01/24/96  House: Read second time and engrossed
01/25/96  House: Read third time and passed House (Block Vote) (99-Y 0-N)
01/25/96  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
01/25/96  House: Communicated to Senate
01/26/96  Senate: Read first time
01/26/96  Senate: Referred to Committee on Education and Health
02/15/96  Senate: Reported from Education and Health (15-Y 0-N)
02/16/96  Senate: Constitutional reading dispensed (39-Y 0-N)
02/16/96  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/19/96  Senate: Read third time
02/19/96  Senate: Passed Senate (40-Y 0-N)
02/19/96  Senate: VOTE: PASSAGE (40-Y 0-N)
02/20/96  House: Bill text as passed House and Senate (HB355ER)
02/29/96  House: Enrolled
02/29/96  House: Signed by Speaker
03/01/96  Senate: Signed by President
03/11/96  Governor: Approved by Governor-Chapter 188 (effective 7/1/96)
03/19/96  Governor: Acts of Assembly Chapter text (CHAP0188)