Citations Affected:
IC 20-6.1-12
;
IC 20-12-22.5.
Synopsis: Teaching incentives. Provides that a teacher who receives
an initial teaching license, who is employed to teach after June 30,
2001, by an Indiana school corporation, and who has been employed
as a teacher for less than five years is eligible to receive a signing
bonus of up to $20,000 over a four year period. Provides that a teacher
who receives an initial teaching license and is employed to teach by an
Indiana school corporation may enter into an agreement with the state
student assistance commission to have the commission assume the
repayment of 15% of the teacher's undergraduate student loans for each
year the teacher teaches during the first five years after the teacher
graduates.
Effective: July 1, 2001.
January 17, 2001, read first time and referred to Committee on Ways and Means.
A BILL FOR AN ACT to amend the Indiana Code concerning
education.
described in section 1 of this chapter.
Sec. 5. (a) The teacher signing bonus program is established to
encourage new teachers to become educators in Indiana public
schools.
(b) The board shall administer the program.
Sec. 6. (a) At the beginning of the fall semester of a school year,
each school corporation shall provide the board with the names of
teachers who qualify for the program.
(b) At the end of the school year, the board shall determine
whether each teacher included on a list under subsection (a)
continues to be employed by a school corporation.
(c) If the board determines that a teacher continues to be
employed by a school corporation, the teacher is entitled to receive
a bonus from the board in the following amount:
(1) At the end of a teacher's first year of employment, eight
thousand dollars ($8,000).
(2) At the end of a teacher's second year of employment, four
thousand dollars ($4,000).
(3) At the end of a teacher's third year of employment, four
thousand dollars ($4,000).
(4) At the end of a teacher's fourth year of employment, four
thousand dollars ($4,000).
Sec. 7. The board may adopt rules under
IC 4-22-2
to carry out
this chapter.
teacher's graduation from an eligible institution of higher
learning; and
(2) during which the teacher is employed by an Indiana school
corporation to teach;
the commission shall assume the repayment of fifteen percent
(15%) of the initial balance of any student loans the teacher
received to attend an eligible institution of higher learning as an
undergraduate.
(b) A teacher may annually enter into an agreement under this
section for each of the first five (5) school years the teacher is
employed by an Indiana school corporation to teach during the five
(5) school year period following the teacher's graduation from an
eligible institution of higher learning.
Sec. 6. The commission may adopt rules under
IC 4-22-2
to
carry out this chapter. Rules adopted under this section may
require a teacher to provide proof that the teacher is employed by
an Indiana school corporation to teach.