Committee Passage Notice for 6029 SSB

Office of Financial Management

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SSB 6029, titled AN ACT Relating to establishing a student loan bill of rights, has been passed by the Senate Committee on Higher Education & Workforce Development. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

Fiscal
Year

   Student Loan Servicer Application License Fee

   Student Loan Servicer Assessment Fee

   Student Loan Servicer Examination Fee

   Student Loan Servicer License Amendment Fee

Total

 

2018

2019

$ 32,600

$   1,375

$      33,975

2020

$    700,000

$   54,000

1,375

$    755,375

2021

700,000

108,000

1,375

$    809,375

2022

700,000

108,000

1,375

$    809,375

2023

700,000

108,000

1,375

   $    809,375

2024

700,000

108,000

1,375

$    809,375

2025

700,000

108,000

1,375

$    809,375

2026

700,000

108,000

1,375

$    809,375

2027

700,000

108,000

1,375

$    809,375

 

Total:

$ 32,600

$ 5,600,000

$ 810,000

$ 12,375

$ 6,454,975


The following legislators voted do pass:

Senator Brad Hawkins
Republican
East Wenatchee
(360) 786-7622
Brad.Hawkins@leg.wa.gov

Senator Mark Miloscia
Republican
Federal Way
(360) 786-7658
Mark.Miloscia@leg.wa.gov

Senator Sharon Nelson
Democrat
Vashon
(360) 786-7667
Sharon.Nelson@leg.wa.gov

Senator Marko Liias
Democrat
Lynwood
(360) 786-7640
Marko.Liias@leg.wa.gov

Senator Kevin Ranker
Democrat
Deer Harbor
(360) 786-7678
Kevin.Ranker@leg.wa.gov

Senator Reuven Carlyle
Democrat
Seattle
(360) 786-7670
Reuven.Carlyle@leg.wa.gov

Senator Guy Palumbo
Democrat
Snohomish
(360) 786-7600
Guy.Palumbo@leg.wa.gov


The following legislators voted to refer the bill without recommendation:

Senator Shelly Short
Republican
Addy
(360) 786-7612
Shelly.Short@leg.wa.gov


The following legislators voted do not pass:

Senator Doug Ericksen
Republican
Ferndale
(360) 786-7682
Doug.Ericksen@leg.wa.gov



Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp