Rule 195-25-.04 - Award Process(1) The Board staff shall notify each applicant in writing of the Board's decision within ten (10) days following the decision.(2) The successful applicant will be asked to accept or decline the award of a loan by signing and submitting an Acceptance Form.(3) Those applicants who accept the loan award shall receive a contract for participation in the Georgia Physician Education Loan Repayment Program. Each recipient will be allowed 10 days in which to review the contract with an attorney as to its contents if they so choose.(4) Loan awards that the applicant rejects shall be made available to the next highest-ranking applicant based on the discussion and action taken by the Board.(5) The Board staff shall arrange for the Executive Director and Board Chairman to execute all valid and approved contracts.(6) A fully executed copy of each loan contract shall be returned to the applicant via DocuSign, and one will be kept in the permanent records of the Georgia Board of Health Care Workforce.(7) Funds shall be paid directly to the financial institution holding the recipient's student loan debt unless payment arrangements are otherwise directed in writing by the Board.(8) The Board staff shall submit a payment request to the Georgia Department of Community Health for payment of approved loan awards for which a fully executed contract is on file in the Board offices.(9) The Board staff shall maintain appropriate records necessary to account for the expenditure of funds for the Georgia Physician Education Loan Repayment Program.Ga. Comp. R. & Regs. R. 195-25-.04
O.C.G.A. § 31-34.
Original Rule entitled "Award Process" adopted. F. Apr. 2, 2024; eff. Apr. 22, 2024.