WA People
BILL · 2009–10 SESSION · LATEST VERSION SHB 2239

HB 2239: Student loan program

Concerning the creation of a student loan program with a dedicated revenue source.

Summary

  • Establishes the Washington Higher Education Loan Program (HELP) funded by proceeds from the state lottery.
  • Allows persons to register lottery tickets for second chance drawings using the Internet.
  • Provides for the net revenues from the lottery to be deposited into the HELP Account, only after the Education Construction Account is fully funded.
  • Provides that the Higher Education Coordinating Board will be in charge of HELP program administration.
  • Authorizes the State Treasurer to deposit revenues up to $10 million into public depositories as certificate of deposits (CDs) on the condition that the public depository make "qualifying loans" under the HELP program. The state forgoes up to 2 percent in interest on the CDs and passes along the savings to the public depository with the condition that the depository reduces the interest rate for the loan recipients.

From the House Bill Report (HB 2239), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 17, 2009
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Deb Wallace (D-17)
Introduced
February 17, 2009 in the House
Last action
March 15, 2010
Budget
Has a fiscal note
Versions
HB 2239, SHB 2239

AN ACT Relating to creating a state student loan program with a dedicated revenue source;

Sponsors

Prime sponsor: Deb Wallace (D-17)

2 co-sponsors (2 Democrats, 0 Republicans)

Mike Sells D-38Phyllis Gutierrez Kenney D-46

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status. (SHB 2239)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SHB 2239)
  4. By resolution, reintroduced and retained in present status.
  5. Referred to Ways & Means. (SHB 2239)
  6. Referred to Ways & Means.
  7. HE - Majority; 1st substitute bill be substituted, do pass. (SHB 2239)
  8. Minority; without recommendation. (SHB 2239)
  9. Minority; without recommendation.
  10. HE - Majority; 1st substitute bill be substituted, do pass.
  11. HE - Executive action taken by committee.
  12. First reading, referred to Higher Education.

HB 2239 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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