S.B. No. 1504
  relating to the abolition of the B-On-time student loan account and
  the allocation of funds remaining in that account.
         SECTION 1.  Section 56.0092, Education Code, is amended by
  amending Subsections (d) and (f) and adding Subsection (e-1) to
  read as follows:
         (d)  On September 1, 2024 [2020], the Texas B-On-time student
  loan account is abolished, and any remaining money in the account,
  notwithstanding Subsection (b), may be appropriated only to
  eligible institutions in the manner provided by Subsection (e).
         (e-1)  An eligible institution that receives an
  appropriation of money under Subsection (d) may use the money only
  to support efforts to increase the number of at-risk students who
  graduate from the institution or the rate at which at-risk students
  graduate from the institution.
         (f)  In this section:
               (1)  "At-risk student" means an undergraduate student
  of an eligible institution:
                     (A)  who has previously received a grant under the
  federal Pell Grant program or met the Expected Family Contribution
  (EFC) criterion for a grant under that program; or
                     (B)  whose total score on the SAT or the ACT,
  excluding the optional essay test, is less than the national mean of
  students' scores on the applicable test.
               (2)  "Eligible[, "eligible] institution" means a
  general academic teaching institution described by Section
  56.451(2)(A) or a medical and dental unit described by Section
  56.451(2)(B), as those paragraphs existed immediately before
  September 1, 2015.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2019.
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
         I hereby certify that S.B. No. 1504 passed the Senate on
  April 30, 2019, by the following vote: Yeas 30, Nays 1; and that
  the Senate concurred in House amendment on May 25, 2019, by the
  following vote: Yeas 29, Nays 1.
  Secretary of the Senate    
         I hereby certify that S.B. No. 1504 passed the House, with
  amendment, on May 22, 2019, by the following vote: Yeas 137,
  Nays 7, one present not voting.
  Chief Clerk of the House