19 | 6 | | Annotated, relating to state veterinary education, so as to provide for limits on the student2 |
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20 | 7 | | loan forgiveness program; to provide for related matters; to repeal conflicting laws; and for3 |
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21 | 8 | | other purposes.4 |
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22 | 9 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:5 |
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23 | 10 | | SECTION 1.6 |
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24 | 11 | | Part 6A of Article 7 of Chapter 3 of Title 20 of the Official Code of Georgia Annotated,7 |
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25 | 12 | | relating to state veterinary education, is amended by revising Code Section 20-3-518.3,8 |
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26 | 13 | | relating to purchases of loans made for educational purposes to students who have completed9 |
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27 | 14 | | a veterinary medical degree program, as follows:10 |
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28 | 15 | | "20-3-518.3.11 |
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42 | 26 | | for loan purchases under this part."20 |
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43 | 27 | | SECTION 2.21 |
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44 | 28 | | Said part is further amended by revising subsection (a) of Code Section 20-3-518.4, relating22 |
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45 | 29 | | to loan purchases granted to applicants based upon services rendered and limitations, as23 |
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46 | 30 | | follows:24 |
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47 | 31 | | "(a)(1) Persons whose applications are approved and enter into a loan purchase25 |
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48 | 32 | | agreement with the board, as provided by Code Section 20-3-518.3, shall receive a loan26 |
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49 | 33 | | purchase in a total amount to be determined by the board, but not exceeding $80,000.0027 |
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50 | 34 | | $90,000.00 per person, as provided by Code Section 20-3-518.3. The loan purchases28 |
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51 | 35 | | shall be paid in such manner as the board shall determine.29 |
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52 | 36 | | (2) The loan purchases to be granted to each applicant shall be based upon the condition30 |
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53 | 37 | | that the consideration for such loan purchases shall be services to be rendered by the31 |
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54 | 38 | | applicant after entering into a loan purchase agreement with the board by practicing his32 |
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55 | 39 | | or her profession in a board approved rural county in Georgia with a population of 35,00033 |
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56 | 40 | | 50,000 or less according to the United States decennial census of 2010 2020 or any future34 |
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57 | 41 | | such census.35 |
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58 | 42 | | (3) For time served after entering into a loan purchase agreement with the board in36 |
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59 | 43 | | practicing his or her profession in such board approved location, the applicant shall37 |
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73 | 55 | | which the loan purchase is granted, including such terms and provisions as will carry out47 |
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74 | 56 | | the full purpose and intent of this part. It shall not be necessary for a contract enrollee to48 |
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75 | 57 | | reapply after entering into a contract; provided, however, that the board may require the49 |
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76 | 58 | | contract enrollee to provide an annual certification of continued compliance with this Code50 |
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77 | 59 | | section. No person shall be eligible to receive such award more than once during his or her51 |
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78 | 60 | | lifetime. The form of such contract shall be prepared and approved by the Attorney52 |
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79 | 61 | | General, and each contract shall be signed by the chairperson of the board and by the53 |
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80 | 62 | | applicant. 54 |
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81 | 63 | | (b) The board shall have the authority to cancel the loan purchase contract of any applicant55 |
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82 | 64 | | at any time for any cause deemed sufficient by the board, provided that such authority shall56 |
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83 | 65 | | not be arbitrarily or unreasonably exercised."57 |
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84 | 66 | | SECTION 4.58 |
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85 | 67 | | All laws and parts of laws in conflict with this Act are repealed.59 |
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