(a) There is created a graduate medical education program to be administered by the medical education council in cooperation with the department of health.
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(b) All funding for the graduate medical education program shall be nonlapsing.(c) Program moneys shall only be expended if:
(1) Approved by the medical education council; and(2) Used for graduate medical education in accordance with §§ 304A-1704 and 304A-1705.
