2012 Session

Budget Amendments - HB30 (Committee Approved)

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Use Debit Cards to Disburse Student Loan Refunds (language only)

Item 277 #1h

Item 277 #1h

Treasury, Department of the

Page 199, after line 39, insert:
"G.  The State Treasurer shall work with universities and community colleges to develop policies and procedures which minimize the use of paper checks when issuing any reimbursements of student loan balances.  These efforts should include reimbursement through debit cards, direct deposits, or other electronic means.   The Treasurer shall report to the Chairmen of the House Appropriations and Senate Finance Committees on the status of these efforts on or before November 15, 2012."

(This amendment requires the State Treasurer to work with universities and the community colleges to reduce the use of paper checks when providing reimbursements for student loan balances.)