Date Requested:February 12, 2008
Time Requested:12:25 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
Introduced HB4433
CBD Subject: Increasing the maximum amount of a medical student loan that may be cancelled
FUND(S)
Sources of Revenue
Other Fund Tuition
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The fiscal impact would be insignificant. The intent is to cancel up to $10,000 of outstanding loan or loans for every twelve consecutive calender months to health professionsals that have rendered services as a medical doctor of osteopathy in this state in a medically underserved area or in a medical speciality in which there is a shortage of physicians. Current law is $5,000 that can be canceled and the increase of $5,000 would match the maxium annual amount of $10,000 that can be loaned. This legislation will correct an inequity in the law by matching annual loan forgiveness to annual loan award amounts.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2008
Increase/Decrease
(use"-")
2009
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0
3. Explanation of above estimates (including long-range effect):
    


Memorandum
Person submitting Fiscal Note:
Terry Hess
Email Address:
hess@hepc.wvnet.edu