Sponsor: Assemblymember Sharon Quirk-Silva (D)
Summary: Current version (5/23/2014): Authorizes the Student Aid Commission to use data from the three award years immediately preceding an award year in order to estimate the maximum number of award offers that the commission may make without the number of acceptances exceeding 50,000.
Authorizes the commission to exceed the 22,500 award limit in an academic year when the number of acceptances exceeds 22,500, but would further require, immediately subsequent to an academic year when the number of awards exceeds 22,500, that the commission reduce the number of awards made by the number by which the awards made in the previous academic year exceeded 22,500.
Requires, in granting awards for the 2015–2016 award year, the commission do all of the following:
(1) Establish a target of 50,000 awards to be paid.
(2) Estimate the take-rate for awards by dividing the total number of awards paid by the total number of offers made during the three award years immediately preceding the 2015–2016 award year.
(3) Estimate the number of award offers that the commission may make to achieve the target for awards paid by dividing 50,000 by the take-rate estimated.
Requires, in granting awards under this article for the 2016–2017 award year and subsequent award years, the commission do all of the following:
(1) Calculate a target for awards to be paid by subtracting the number of awards paid in the previous award year from the target for awards paid in the previous award year and adding the result to 50,000.
(2) Estimate the take-rate for awards by dividing the total number of awards paid by the total number of offers made during the three award years immediately preceding that award year.
(3) Estimate the number of award offers that the commission may make to achieve the target for awards paid calculated by dividing the target by the take-rate estimated.
Amendment #2 (5/23/2014): http://www.leginfo.ca.gov/pub/13-14/bill/asm/ab_1951-2000/ab_1976_bill_20140523_amended_asm_v97.pdf
Amendment #1 (4/3/2014): http://www.leginfo.ca.gov/pub/13-14/bill/asm/ab_1951-2000/ab_1976_bill_20140403_amended_asm_v98.pdf
Introduced version: http://www.leginfo.ca.gov/pub/13-14/bill/asm/ab_1951-2000/ab_1976_bill_20140219_introduced.pdf
Status: Introduced 2/19/2014. Referred to Assembly Committee on Higher Education 3/3/2014. Hearing held, reported 4/1/2014. Amended 4/3/2014. Re-referred to Committee on Appropriations 4/7/2014. Hearing held 4/30/2014. Hearing held, amended, reported 5/23/2014. Passed Assembly, received in Senate 5/29/2014. Referred to Senate Committee on Education 6/5/2014. Hearing held, reported; re-referred to Committee on Appropriations 6/25/2014. Hearing held 8/4/2014.
Outlook: This measure was determined to have a significant fiscal impact by the Committee on Appropriations and placed in its suspense file for further consideration at a later date. The suspense file is a function of the fiscal committee in both chambers. Per Joint Rule 61(b)(14), the committee has by August 15 to act on this measure.
After allowing for public testimony, the Senate Committee on Education recommended this measure for passage unanimously. The measure will next be referred to the Senate Committee on Appropriations for consideration. As this measure contains fiscal provisions it must be approved by the Appropriations Committee before it may be considered by the full chamber.
The Senate Committee on Rules has referred this measure to the Senate Committee on Education, chaired by Senator Carol Liu (D).
The Assembly adopted this measure by a 74-1 vote.
The sponsor is a member of the majority party but has not garnered the support of any cosponsors. The Democratic Party controls both legislative chambers as well as the Office of Governor.
Effective Date: Upon approval by the Governor.
*Information provided by www.stateside.com