A. The medical student loan fund is established. All monies appropriated to carry out sections 15-1723 and 15-1724 shall be deposited in the fund and all payments of principal, interest and penalties received by the board shall be deposited, pursuant to sections 35-146 and 35-147, in the fund. Monies in the fund are continuously appropriated for the purposes of this article.

Ask a student loans law question, get an answer ASAP!
Thousands of highly rated, verified student loans lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Arizona Laws 15-1725

B. Monies in the medical student loan fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.