Current with legislation from 2024 Fiscal and Special Sessions.
Section 6-81-1106 - Student loan repayment - Definitions(a) As used in this section: (1) "Food animal" means bovine, porcine, ovine, camelid, cervid, poultry, and any other species determined by the State Veterinarian;(2) "Food supply veterinary medicine" means all aspects of veterinary medicine's involvement in food supply systems, from traditional agricultural production to consumption; and(3) "Practice of food supply veterinary medicine" means a corporate or private veterinary practice with a minimum of thirty percent (30%) of the practice devoted to food animal medicine or mixed animal medicine located in rural areas.(b) The Division of Higher Education shall repay federal student loans yearly for a maximum of five (5) consecutive years if the recipient:(1) Practices food supply veterinary medicine in Arkansas within ninety (90) days after completion of: (A) The professional degree program for which the loan was made;(B) An internship program; or(C) The professional degree program for which the loan was made and an internship program; and(2) Maintains the practice of food supply veterinary medicine in Arkansas for a minimum of one (1) year for each year of loan repayment up to five (5) years with all five (5) years consecutive.(c) A recipient who fails to satisfy the obligation to engage in the practice of food supply veterinary medicine for one (1) year in a five-consecutive-year period shall not receive the loan repayment amount.(d) The obligation to engage in the practice of food supply veterinary medicine for a five-consecutive-year period shall be postponed during any: (1) Period of temporary medical disability if the recipient is unable to practice veterinary medicine;(2) Period of military service under § 6-61-112; or(3) Other period of postponement agreed to by the division.(e) The division shall adopt rules to administer this section.Amended by Act 2019, No. 910,§ 2049, eff. 7/1/2019.Amended by Act 2019, No. 910,§ 2048, eff. 7/1/2019.Amended by Act 2019, No. 910,§ 2047, eff. 7/1/2019.