HB403--LARGEANIMALVETERINARYSTUDENTLOANPROGRAM(Haden)
COMMITTEEOFORIGIN:StandingCommitteeonRuralCommunity
Development
Thisbillrenamesthe"Dr.MerrillTownleyLargeAnimalVeterinary
StudentLoanProgram"tothe"Dr.MerrillTownleyandDr.DanBrown
LargeAnimalVeterinaryStudentLoanProgram".
ThisbillexpandsthesourcesoffundingfortheVeterinaryStudent
LoanPaymentFundtoincludeanyprivategrant,gift,donation,
devise,orbequestofmoneys,funds,realorpersonalproperty,or
otherasset.
Thisbillincreasesthenumberofqualifiedapplicantswhomaybe
awardedloansundertheLargeAnimalVeterinaryStudentLoan
Programfromsixto12peracademicyearandprovidesthatthe
DepartmentofAgriculturemayincreasethisnumberbeyond12ifthe
amountofanyadditionalmoneysfromprivategrants,gifts,
donations,devises,orbequestsofmoneys,funds,realorpersonal
property,orotherassetsdepositedintheFundallowsthefull
fundingofsuchincreaseinthenumberofapplicants. Further,the
loanamounteachstudentmayreceiveisincreasedfrom$20,000to
$30,000foreachacademicyear,andfrom$80,000to$120,000in
total.