Chapter 21, Article 22B NMSA 1978 may be cited as the “Nursing Student Loan for Service Act”. History: 1978 Comp., § 21-22B-1, enacted by Laws 1987, ch. 299, § 1; 1991, ch. 262, § 47. ANNOTATIONS Cross references. — For the Medical Student Loan for Service Act, see Chapter 21, Article 22 NMSA 1978. For […]
The commission [department] shall make annual reports to the governor and to the legislature, prior to each regular session, of its activities, the loans granted, the names and addresses of persons to whom loans were granted and the nursing program attended by those receiving the loans, together with a list of the names and locations […]
The purpose of the Nursing Student Loan for Service Act is to meet the emergency currently existing resulting from the shortage of nurses in the underserved areas of the state by increasing the number of practitioners in rural areas through a program of loans for nursing students. The program will require as a condition of […]
As used in the Nursing Student Loan for Service Act: A. “commission” [“department”] means the commission on higher education [higher education department]; B. “loan” means a grant of funds to defray the costs incidental to a nursing education, under a contract between the commission [department] and a nursing student, requiring repayment with services or repayment […]
A. The commission [department] is authorized to grant a loan to defray the expenses of the nursing education of a student deemed qualified by the commission [department] to receive the same, upon such terms and conditions as may be imposed by regulations of the commission [department]. B. The commission [department] shall only receive, pass upon […]
The commission [department] may arrange with other agencies for the performance of services required by the provisions of Section 21-22B-4 NMSA 1978. History: 1978 Comp., § 21-22B-5, enacted by Laws 1987, ch. 299, § 5. ANNOTATIONS Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. For […]
A. Each applicant who is approved for a loan by the commission [department] may be granted a loan, in such amounts for such periods as determined by the commission [department], with which to defray expenses incurred in obtaining a nursing education; provided that the applicant files with the commission [department] a declaration of intent to […]
The general form of the contract shall be prepared and approved by the attorney general and signed by the student and designated representative of the commission [department] on behalf of the state. The commission [department] is vested with full and complete authority and power to sue in its own name for any balance due the […]
There is created in the state treasury the “nursing student loan for service fund”. All money appropriated for loans to nursing students under the Nursing Student Loan for Service Act shall be credited to the fund and all payments of principal and interest on loans made pursuant to that act received by the commission [department] […]
The commission [department] is authorized to cancel any contract made between it and any student for any reasonable cause deemed sufficient by the commission [department]. History: 1978 Comp., § 21-22B-9, enacted by Laws 1987, ch. 299, § 9. ANNOTATIONS Bracketed material. — The bracketed material was inserted by the compiler and is not part of […]
