Section 24-1703 – Maryland Loan Assistance Repayment Program for Physicians and Physician Assistants Established
There is a Maryland Loan Assistance Repayment Program for Physicians and Physician Assistants in the State.
Section 24-1704 – Assistance With Repayment; Unspent Money
(a) (1) In this section, “eligible field of employment” means employment by an organization, institution, association, society, or corporation that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code of 1986. (2) “Eligible field of employment” includes employment by the State or any local government in the State. (b) The Department shall assist in […]
Section 24-1705 – Additional Assistance Priority of Funding for Repayment
(a) In addition to the assistance provided under § 24–1704 of this subtitle, the Department may, subject to the availability of money in the Fund, assist in the repayment of an education loan owed by a physician or physician assistant who: (1) Practices a medical specialty that has been identified by the Department as being in shortage […]
Section 24-1706 – Regulations
The Department shall adopt regulations to implement the provisions of this subtitle, including: (1) Establishing the maximum number of participants in the Program each year in each priority area described under § 24–1705 of this subtitle; and (2) Establishing the minimum and maximum amount of loan repayment assistance awarded under this subtitle in each priority area described […]
Section 24-1707 – Annual Reports on Program Participants
On or before October 1, 2021, and each October 1 thereafter, the Department shall report to the General Assembly, in accordance with § 2–1257 of the State Government Article, on: (1) The eligible physicians, physician assistants, and medical residents who applied for the Program, including information on: (i) The specialty of the physician, physician assistant, or medical […]
Section 24-1702 – Maryland Loan Assistance Repayment Program Fund Established
(a) (1) There is a Maryland Loan Assistance Repayment Program Fund in the State. (2) The Fund is a continuing, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article. (3) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund. (4) The Fund shall be invested and […]
Section 24-1701 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Education loan” means any loan that is obtained for tuition, educational expenses, or living expenses for undergraduate or graduate study leading to practice as a physician or physician assistant. (c) “Fund” means the Maryland Loan Assistance Repayment Program Fund. (d) “Primary care” includes: (1) Primary care; (2) Family medicine; […]