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(a) The State Teacher Education Program shall be administered by the Division of Higher Education.
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(b) The division shall adopt standards for awarding the loan repayments to a public school teacher with an Arkansas teacher’s license teaching in a:
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(1) Subject area with a teacher shortage; or
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(2) Geographic area with teacher shortage.
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(c) The requirements of this subchapter are contingent on the funding available for the program.
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(d) The division may determine the necessary procedures for awarding the loan repayments if the number of eligible applicants and recipients exceeds available funding.
