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6-81-1404. Eligibility and requirements for loans.

Arkansas Code — all titles (historical 2020) · legal_authorities

6-81-1404. Eligibility and requirements for loans.

6-81-1404. Eligibility and requirements for loans. (a) Any person who is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in a course of study leading to qualification as a registered nurse, licensed practical nurse, or nursing educator shall be eligible to make application to the Arkansas State Board of Nursing for a loan under this subchapter. (b) The board may, depending upon available funds, make a loan to an applicant under this subchapter when it determines that the applicant: (1) Is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in studies leading to qualification as a registered nurse, licensed practical nurse, or nursing educator; (2) Warrants financial assistance to complete his or her nursing studies; (3) Has signed a written agreement to: (A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and (B) Repay each loan with interest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and (4) Is a lawful resident of the State of Arkansas.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1404

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:6-81-1404
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3ec56064a889467eee0bdbf4c562ff649fd213711183324eef6ec5f6edbdeb3b

Source location: content.xml paragraph 43609

Stored source content

6-81-1404. Eligibility and requirements for loans. (a) Any person who is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in a course of study leading to qualification as a registered nurse, licensed practical nurse, or nursing educator shall be eligible to make application to the Arkansas State Board of Nursing for a loan under this subchapter. (b) The board may, depending upon available funds, make a loan to an applicant under this subchapter when it determines that the applicant: (1) Is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in studies leading to qualification as a registered nurse, licensed practical nurse, or nursing educator; (2) Warrants financial assistance to complete his or her nursing studies; (3) Has signed a written agreement to: (A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and (B) Repay each loan with interest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and (4) Is a lawful resident of the State of Arkansas.

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