Utah Code 4-2-902. Veterinarian Education Loan Repayment Program
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(1) There is created within the department the Veterinarian Education Loan Repayment Program.
Terms Used In Utah Code 4-2-902
- Department: means the Department of Agriculture and Food created in Chapter 2, Administration. See Utah Code 4-1-109
- Education loan: means a loan received for education at a domestic or foreign institution of higher education, including a school or college of veterinary medicine. See Utah Code 4-2-901
- Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
- Loan: means a loan that is made directly by, insured by, or guaranteed under a government program of:(6)(a) a state;(6)(b) the United States; or(6)(c) a foreign government. See Utah Code 4-2-901
- Maximum payment value: means the lesser of:
(7)(a) the sum of a qualified veterinarian's education loan balances; or(7)(b) $20,000. See Utah Code 4-2-901- Program: means the Veterinarian Education Loan Repayment Program created in Section
4-2-902 . See Utah Code 4-2-901- Qualified veterinarian: means a veterinarian who has practiced as a veterinarian:
(9)(a) in an area of the state that is Indian country;(9)(b) in an animal shelter within the state operated by:(9)(b)(i) a county;(9)(b)(ii) a municipality; or(9)(b)(iii) an organization that is exempt from federal income taxation under Section 501(c)(3), Internal Revenue Code;(9)(c) in any area of the state as an employee of the department;(9)(d) in any combination of the places described in Subsections (9)(a) through (c); or(9)(e) with a practice that includes at least 30% livestock medicine. See Utah Code 4-2-901- Veterinarian: means an individual licensed under Title 58, Chapter 28, Veterinary Practice Act. See Utah Code 4-2-901
(2)(2)(a) Beginning July 1, 2024, the program shall on a first-come, first-served basis make payments toward a qualified veterinarian‘s education loan balances.(2)(b) A veterinarian is eligible for payments under Subsection (2)(a) if the veterinarian:(2)(b)(i) applies as a qualified veterinarian for payment from the program; and(2)(b)(ii) registers with the program at least one year before the day the veterinarian applies under Subsection (2)(b)(i) for payment.(2)(c) Payments made under Subsection (2)(a) shall:(2)(c)(i) be made directly to one or more of the qualified veterinarian’s lenders;(2)(c)(ii) as funding for the program permits, each year equal the maximum payment value; and(2)(c)(iii) extend for a period no longer than five years for the qualified veterinarian.(3) The department may use 2% or less of the amount appropriated for the program to pay for actual costs of administering the program.(4) On or before October 1 each year, the department shall submit a report of the program’s revenues, expenditures, and outcomes to the Natural Resources, Agriculture, and Environment Interim Committee and the Natural Resources, Agriculture, and Environmental Quality Appropriations Subcommittee.(5) The department may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, to administer the program, including rules specifying how a veterinarian may register intent to apply for payment from the program. - Maximum payment value: means the lesser of: