Browse Arkansas Code titles and sections
6-81-707. Maximum amount of loans.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-81-707. Maximum amount of loans.
(a) The maximum amount of each rural practice loan for 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 Arkansas 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 ($80,000) or as the board otherwise shall determine payable under § 6-81-716.
(2) The Arkansas Rural Medical Practice Student Loan and Scholarship Board shall provide one-half (½) of the community match income incentive, and the qualified rural community shall provide the other one-half (½) of the income incentive.
(3) However, if the board does not have sufficient funds to match the community's portion of the income incentive, nothing precludes a qualified rural community from providing the total income incentive amount.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-707
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:6-81-707
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ae565eef4c91e178a02a9611b111dba6e0d9092a0a9a0cfac43728e828617ff1
Source location: content.xml paragraph 42947
Stored source content
6-81-707. Maximum amount of loans.
(a) The maximum amount of each rural practice loan for medical students shall not exceed sixteen thousand five hundred dollars ($ 16,500) per academic year or those costs that are reasonable and necessary for the student's attendance as determined by the Arkansas 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 § 6-81-716.
(2) The Arkansas Rural Medical Practice Student Loan and Scholarship Board shall provide one-half (½) of the community match income incentive, and the qualified rural community shall provide the other one-half (½) 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.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-81-716. Medical school graduates — Community match contract — Obligations and conditions.
(a)(1) The Arkansas Rural Medical Practice Student Loan and Scholarship Board and a qualified rural community shall enter a joint community match contract with the applicant.
(2) The form of the community match contract shall be approved by the Attorney General and shall be signed by the Chair of the Arkansas Rural Medical Practice Student Loan and Scholarship Board, the Secretary of the Arkansas Rural Medical Practice Student Loan and Scholarship Board, the designated representative or representatives of the qualified rural community, and the applicant.
(b) Each applicant to whom a community match income incentive is granted by the board shall execute a written contract that shall incorporate the following obligations and conditions:
(1)(A) The recipient of a community match income incentive shall bindingly contract that he or she shall practice primary care medicine full time in the contracting qualified rural community for a period of four (4) years.
(B)(i) The recipient shall receive the income incentive funds according to a disbursement schedule acceptable to the board, the qualified rural community, and the recipient as set forth in writing in the community match contract.
(ii) For each three-month period of full-time medical practice by the recipient, according to the terms of the community match contract, the board and the qualified rural community shall award one-quarter (¼) of the income incentive for the year of service;
(2)(A) If any recipient does not begin or ceases the full-time practice of medicine in breach of the community match contract or otherwise breaches the community match contract, the recipient shall pay twenty thousand dollars ($20,000) fo
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-716
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 6-81-716. This identifies an authority to review, not proof of applicability.