Browse Arkansas Code titles and sections
6-81-1401. Nursing Student Loan Program funding.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-81-1401. Nursing Student Loan Program funding.
(a) Cash funds for the Nursing Student Loan Program shall consist of:
(1) Funds appropriated for the Nursing Student Loan Program;
(2) Federal funds;
(3) Gifts;
(4) Grants;
(5) Bequests;
(6) Devises;
(7) Donations;
(8) Moneys received to repay a loan under this subchapter;
(9) Interest and other income accruing to or earned by the funds; and
(10) All moneys provided by law.
(b) The Arkansas State Board of Nursing:
(1) May invest the principal, interest, and income of the funds;
(2) Shall use the funds for making loans for nursing scholarships; and
(3) Shall deposit all loan repayments as a refund to expenditure to be used to make additional loans under this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1401
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:6-81-1401
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3ae2639f99696100c6bfa07bd8b32ca06d7b73f3cab0db9159f392a1a8b5839c
Source location: content.xml paragraph 43560
Stored source content
6-81-1401. Nursing Student Loan Program funding.
(a) Cash funds for the Nursing Student Loan Program shall consist of:
(1) Funds appropriated for the Nursing Student Loan Program;
(2) Federal funds;
(3) Gifts;
(4) Grants;
(5) Bequests;
(6) Devises;
(7) Donations;
(8) Moneys received to repay a loan under this subchapter;
(9) Interest and other income accruing to or earned by the funds; and
(10) All moneys provided by law.
(b) The Arkansas State Board of Nursing:
(1) May invest the principal, interest, and income of the funds;
(2) Shall use the funds for making loans for nursing scholarships; and
(3) Shall deposit all loan repayments as a refund to expenditure to be used to make additional loans under this subchapter.
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