The proposed bill establishes the Special Education Teacher Forgivable Loan Program Act, aimed at addressing the shortage of special education teachers in Nebraska. It outlines the intent of the Legislature to support individuals pursuing certification as special education teachers by providing forgivable loans to those who commit to teaching in Nebraska after graduation. The bill defines key terms, including "eligible institution," "eligible noncitizen," and "eligible student," and specifies the criteria for participation in the program.

Under the program, the State Department of Education will administer forgivable loans to eligible students to cover in-state tuition costs at accredited institutions. The bill stipulates that students must enter a contract with the department, committing to teach special education in Nebraska for a specified number of years after graduation. The loans will be forgiven incrementally based on compliance with the contract terms, and provisions are included for deferment and repayment in cases of non-compliance. Additionally, the State Board of Education is authorized to adopt rules and regulations to facilitate the program's implementation.