Kansas Statutes 74-32,152. Workforce development loan conditions and requirements; agreement of parties; repayment, completion of degree, certificate or diploma
Terms Used In Kansas Statutes 74-32,152
- Board: means the board of education of any school district or the board of trustees of any community college. See Kansas Statutes 74-32,253
- Board of regents: means the state board of regents provided for in the constitution of this state and described in article 32 of chapter 74 of Kansas Statutes Annotated. See Kansas Statutes 74-3278
- Executive officer: means the chief executive officer of the state board of regents appointed under Kan. See Kansas Statutes 74-3292
- Institution: means the university of Kansas, university of Kansas medical center, Kansas state university of agriculture and applied science, Wichita state university, Emporia state university, Pittsburg state university, Fort Hays state university and Kansas state university polytechnic campus;
(b) "governing authority" means the state board of regents or the chief executive officer of an institution if such officer has been designated by the state board to act on its behalf in exercising the authority of the board to care for, control, maintain and supervise all roads, streets, driveways and parking facilities for vehicles on the grounds of the institution; and
(c) "vehicle" means motor vehicle, motorized bicycle and bicycle. See Kansas Statutes 74-3209
- Program: means the Kansas work-study program established by this act. See Kansas Statutes 74-3275
- State board: means the state board of regents. See Kansas Statutes 74-3275
(a) The applicant for a workforce development loan shall provide to the board of regents on forms provided by such board all information requested by such board.
(b) As a condition to awarding such loan, the state board of regents and the recipient of such loan shall enter into an agreement which shall require the person receiving the loan to:
(1) Complete the required course of instruction and receive the designated degree, certificate or diploma for that course of instruction;
(2) continue to live and work in Kansas, after the recipient’s course of instruction is completed, in a field of work for which the recipient was trained using the skills attained under the course of instruction for which a loan was received, until the loan is totally forgiven. Agree that for each year of living and working in Kansas, 1/4 of the total loan amount’s principal and interest that accrued during the prior year shall be forgiven for the first three years and upon completion of the fourth year, the remaining balance of principal and interest of the loan shall be forgiven;
(3) agree that the service commitment for each agreement entered into under this section is in addition to the service commitment contained in any other agreement which has been or may be entered into under this section for the purpose of obtaining a loan;
(4) maintain records and make annual reports to the chief executive officer of the board of regents or such executive officer’s designee as required to document the satisfaction of the agreement terms of the loan; and
(5) repay any amounts required upon the recipient’s failure to complete the terms of the agreement.
(c) Such agreement shall establish a repayment schedule requiring the recipient to begin making payments one year after the discontinuance of the recipient’s enrollment in a postsecondary educational institution, either by failure to attend, completion of the program or at such other times as the board deems appropriate.