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6-81-1807. Medical students — Eligibility for initial and renewal loans.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-81-1807. Medical students — Eligibility for initial and renewal loans.
(a) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board may make osteopathic rural medical practice loans to the applicant, each osteopathic rural medical practice loan being expressly made subject to the provisions of § 6-81-1809(c) and § 6-81-1810, if the board finds that:
(1) The applicant is a bona fide resident of Arkansas;
(2) The applicant has been accepted for admission to or is enrolled in good standing in studies that lead to the degree of Doctor of Osteopathic Medicine;
(3) The applicant is enrolled in a medically underserved and rural practice curriculum;
(4) The applicant needs financial assistance to complete his or her medical studies;
(5) The applicant desires to practice medicine in an eligible qualified rural community; and
(6) The applicant is a person of good moral character and one who has the talent and capacity to profit by medical studies.
(b) Subject to the availability of funds, an initial osteopathic rural medical practice loan for one (1) academic year shall be renewable annually for the number of years required to complete studies leading to the Doctor of Osteopathic Medicine degree or for additional amounts, not to exceed the maximum amounts specified in § 6-81-1808, but all subsequent osteopathic rural medical practice loans shall be granted only upon application by the recipient and a finding by the board that:
(1) The applicant has completed successfully the medical studies of the preceding academic year and remains in good standing as an enrolled student in the college;
(2) The applicant is enrolled or participating in a medically underserved and rural practice curriculum;
(3) The applicant continues to be a resident of A
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1807
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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Stable record: arkansas_code:legal_authorities:6-81-1807
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 41523320290edef49fe7ed865ccc685c09829e2871a9cc18b842e6f8ce91fd5f
Source location: content.xml paragraph 43982
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6-81-1807. Medical students — Eligibility for initial and renewal loans.
(a) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board may make osteopathic rural medical practice loans to the applicant, each osteopathic rural medical practice loan being expressly made subject to the provisions of § 6-81-1809(c) and § 6-81-1810, if the board finds that:
(1) The applicant is a bona fide resident of Arkansas;
(2) The applicant has been accepted for admission to or is enrolled in good standing in studies that lead to the degree of Doctor of Osteopathic Medicine;
(3) The applicant is enrolled in a medically underserved and rural practice curriculum;
(4) The applicant needs financial assistance to complete his or her medical studies;
(5) The applicant desires to practice medicine in an eligible qualified rural community; and
(6) The applicant is a person of good moral character and one who has the talent and capacity to profit by medical studies.
(b) Subject to the availability of funds, an initial osteopathic rural medical practice loan for one (1) academic year shall be renewable annually for the number of years required to complete studies leading to the Doctor of Osteopathic Medicine degree or for additional amounts, not to exceed the maximum amounts specified in § 6-81-1808, but all subsequent osteopathic rural medical practice loans shall be granted only upon application by the recipient and a finding by the board that:
(1) The applicant has completed successfully the medical studies of the preceding academic year and remains in good standing as an enrolled student in the college;
(2) The applicant is enrolled or participating in a medically underserved and rural practice curriculum;
(3) The applicant continues to be a resident of Arkansas; and
(4) The applicant's financial situation continues to warrant financial assistance made under the conditions of this section.
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Arkansas Code — all titles (historical 2020) · legal_authorities
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 maximum amount of each community match income incentive shall not exceed eighty thousand dollars ($80,000) or as the board otherwise shall determine payable under § 6-81-1816.
(2) The board shall provide fifty percent (50%) of the community match income incentive, and the qualified rural community shall provide the other fifty percent (50%) of the income incentive.
(3) However, if the board does not have sufficient funds to match the community's portion of the income incentive, nothing precludes a qualified rural community from providing the total income incentive amount.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1808
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. The source passage cites 6-81-1808. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
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 and Scholarship Board, countersigned by the Secretary of the Osteopathic Rural Medical Practice Student Loan and Scholarship Board, and signed by the applicant.
(c) Each applicant to whom an osteopathic rural medical practice loan or loans are granted by the board shall execute a written loan contract that incorporates the following obligations and conditions:
(1)(A) The recipient of an osteopathic rural medical practice loan or loans shall bindingly contract that he or she shall practice primary care medicine full time in a qualified rural community upon completion of:
(i) His or her medical internship of one (1) year undertaken immediately following the earning of the degree of Doctor of Osteopathic Medicine;
(ii) Four (4) additional years of medical training beyond the internship if the training has been approved in advance by the board and includes practice experience in a rural community; or
(iii) At the request of the recipient of an osteopathic rural medical practice loan, the board may approve the recipient's request to practice in more than one (1) qualified rural community to meet his or her obligation to practice full time if the board determines, based upon guidelines established by the board, that the physician need in the rural communities cannot sustain a full-time medical practice or that other compelling circums
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1809
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. The source passage cites 6-81-1809. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
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 designated, revolving amounts received from repayment of loans and interest, and all funds and property and income received by the board under its authority to accept and apply gifts, bequests, and devises shall be held in trust and disbursed by the fiscal officers of a medical school in Arkansas that is not the University of Arkansas for Medical Sciences for the aforesaid purposes.
(b) Funds collected as a result of a recipient's breach of an osteopathic rural practice loan contract or community match loan contract shall be:
(1) Held in trust for the use of the Osteopathic Rural Medical Practice Student Loan and Scholarship Program and the Community Match Rural Physician Recruitment Program, or as otherwise deemed appropriate by the board in its discretion; and
(2) Disbursed by the fiscal officer of an osteopathic medical school in Arkansas under this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1810
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. The source passage cites 6-81-1810. This identifies an authority to review, not proof of applicability.