§ 6-81-1808. Maximum amount of loans
(a) The maximum amount of each osteopathic rural medical practice loan for osteopathic medical students shall not exceed sixteen thousand five hundred dollars ($16,500) per academic year or those costs that are reasonable and necessary for the student’s attendance as determined by the Osteopathic Rural Medical Practice Student Loan and Scholarship Board. (b) (1) The […]
§ 6-81-1809. Loan contracts — Osteopathic rural medical practice loans — Obligations and conditions
(a) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board shall enter into a loan contract with the applicant to whom an osteopathic rural medical practice loan is made. (b) The contract shall be approved by the Attorney General and shall be signed by the Chair of the Osteopathic Rural Medical Practice Student Loan […]
§ 6-81-1810. Funding of loans
(a) (1) All payments for osteopathic rural practice loans and community match loans under this subchapter shall be made on requisitions signed by the Chair of the Osteopathic Rural Medical Practice Student Loan and Scholarship Board drawn against the funds held for the purpose of this subchapter. (2) These funds, consisting of state appropriations so […]
§ 6-81-1811. Annual report
(a) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board shall make an annual report to the Governor concerning the activities of the board and shall file a copy of its report with the Legislative Council. (b) (1) The report under subsection (a) of this section shall include: (A) The names of the recipients […]
§ 6-81-1812. Dispute resolution — Determination of breach
(a) Any applicant for a loan or income incentive issued by the Osteopathic Rural Medical Practice Student Loan and Scholarship Board, any person who has been granted a loan or has been granted income incentives by the board, or any party to an osteopathic rural medical practice or community match loan or income incentive may […]
§ 6-81-1813. Medical school graduates — Community match contract — Eligibility
(a) (1) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board shall administer the Community Match Rural Physician Recruitment Program. (2) (A) Interested rural communities may apply to the Osteopathic Rural Medical Practice Student Loan and Scholarship Board to participate in the program as a qualified rural community. (B) The Osteopathic Rural Medical Practice […]
§ 6-81-1814. Medical school graduates — Community match contract — Obligations and conditions
(a) (1) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board and the qualified rural community shall enter a joint community match income incentive contract with the applicant. (2) The form of the community match income incentive contract shall be approved by the Attorney General and shall be signed by the Chair of the […]
§ 6-81-1815. Medical school alternates — Rural medical practice loans
(a) If an alternate on the waiting list for acceptance to an osteopathic medical school in Arkansas demonstrates a willingness to enter into an osteopathic rural medical practice loan contract and meets the requirements of § 6-81-1807, the applicant shall be moved to the top of the waiting list upon entering into an osteopathic rural […]
§ 6-81-1816. Tracking loan contract compliance
An osteopathic medical school in Arkansas shall: (1) Track graduates who were recipients of osteopathic rural medical practice loans under this subchapter for the length of their contractual obligations; and (2) Report to the Legislative Council by October 1 of each even-numbered year regarding the compliance of those graduates with the terms of their contracts.
§ 6-81-1817. Osteopathic Rural Medical Practice Student Loan and Scholarship Program Administrator
(a) There is established an Osteopathic Rural Medical Practice Student Loan and Scholarship Program Administrator. (b) The administrator shall: (1) Be employed by the Division of Higher Education; (2) Serve as liaison between osteopathic rural medical practice student loan recipients and rural communities by: (A) Working with the communities to identify their unique needs, to […]