17 Guam Code Ann. § 54106
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Terms Used In 17 Guam Code Ann. § 54106
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(a) The participant agrees to actively engage in full-time professional practice in Guam in the qualifying health specialty in which he or she was educated for not less than five (5) years as the Committee requires. The taking of a medical residency program in Guam shall be credited toward the practice requirements at the rate of one-third (1/3) year of full-time practice for each year of service in a medical residency program in Guam.
(b) Participants who participate in an accelerated track are required to serve the equivalent of the non-accelerated track of the similar program.
(c) Prior to disbursing any funds to the participant’s accepted school, the Scholarship Office shall enter into a contract with the participant outlining the service obligation. Such contract shall include a repayment plan should the participant default on their obligation. The repayment plan may include a deferment of up to six (6) months after the participant’s graduation or residency, whichever is later.
17 Guam Code Ann. EDUCATION
CH. 54 BIRÅDA ACT