Committee Passage Notice for 6029 E2SSB

Office of Financial Management

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E2SSB 6029, titled AN ACT Relating to establishing a student loan bill of rights, has been passed by the House Committee on Higher Education. 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:

Representative Larry Haler
Republican
Richland
(360) 786-7986
Larry.Haler@leg.wa.gov

Representative Mike Sells
Democrat
Everett
(360) 786-7840
Mike.Sells@leg.wa.gov

Representative Melanie Stambaugh
Republican
Puyallup
(360) 786-7948
Melanie.Stambaugh@leg.wa.gov

Representative Tina Orwall
Democrat
Des Moines
(360) 786-7834
Tina.Orwall@leg.wa.gov

Representative Drew Hansen
Democrat
Bainbridge Island
(360) 786-7842
Drew.Hansen@leg.wa.gov

Representative Gerry Pollet
Democrat
Seattle
(360) 786-7886
Gerry.Pollet@leg.wa.gov

Representative Jeff Holy
Republican
Cheney
(360) 786-7962
Jeff.Holy@leg.wa.gov

Representative Gael Tarleton
Democrat
Seattle
(360) 786-7860
Gael.Tarleton@leg.wa.gov

Representative Luanne Van Werven
Republican
Lynden
(360) 786-7980
Luanne.VanWerven@leg.wa.gov



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

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