GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
HOUSE BILL 7
RATIFIED BILL
AN ACT To provide that constituent Institutions of the North Carolina community College System may Opt Out of participation in the William D. Ford Federal Direct Loan Program.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 115D-40.1 reads as rewritten:
"§ 115D-40.1. Financial Assistance for Community College Students.
…
(d)
Participation in Federal Loan Programs. - All community colleges shall
participate in the William D. Ford Federal Direct Loan Program.Program,
unless the board of trustees of an institution adopts a resolution declining to
participate in the Program. The State Board shall ensure that at least one
counselor is available at each college to inform students about federal
programs and funds available to assist community college students, including,
but not limited to, Pell Grants, HOPE and Lifetime Learning Tax Credits, and
and, for participating colleges, the William D. Ford Federal Direct Loan
Program, and to actively encourage students to utilize these federal programs
and funds. The board of trustees of any institution that has declined to
participate in the William D. Ford Federal Direct Loan Program through the adoption
of a resolution may rescind the resolution and participate in the Program but
shall not have the authority to again decline participation in the Program."
SECTION 2. This act becomes effective July 1, 2011.
In the General Assembly read three times and ratified this the 5th day of April, 2011.
_____________________________________
Walter H. Dalton
President of the Senate
_____________________________________
Thom Tillis
Speaker of the House of Representatives
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Beverly E. Perdue
Governor
Approved __________.m. this ______________ day of ___________________, 2011