Idaho Code 39-2503 – Rural Nursing Loan Repayment Fund
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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
Terms Used In Idaho Code 39-2503
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Department: means the department of health and welfare. See Idaho Code 39-2502
- fund: means the fund in the state treasury established in section 39-2503, Idaho Code. See Idaho Code 39-2502
- program: means the rural nursing loan repayment program established by this chapter. See Idaho Code 39-2502
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
(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.