Rural Nursing Loan Repayment Fund

TITLE 39 HEALTH AND SAFETY CHAPTER 25 RURAL NURSING LOAN REPAYMENT PROGRAM [EFFECTIVE UNTIL JUNE 30, 2029] 39-2503. RURAL NURSING LOAN REPAYMENT FUND. [EFFECTIVE UNTIL JUNE 30, 2029] There is hereby established in the state treasury a rural nursing loan repayment fund to be administered by the department. Moneys in the fund shall: (1)  Be subject to appropriation by the legislature to pay for: (a)  The educational debts of nurses in rural and underserved areas of the state that demonstrate a need for assistance in nursing recruitment and retention; and (b)  The expenses of administering the rural nursing loan repayment program, which expenses shall not exceed ten percent (10%) of the annual appropriation by the legislature; and (2)  Consist of: (a)  Legislative appropriations; (b)  Health care industry contributions, private donations, and federal funds as available; and (c)  Interest earned on idle moneys in the fund.