Louisiana Revised Statutes 40:1205.4 – A. The department shall administer a state loan repayment program consistent with the Federal National Health Service Corporation Loan Repayment Program of the Public Health Service
Terms Used In Louisiana Revised Statutes 40:1205.4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A. The department shall administer a state loan repayment program consistent with the Federal National Health Service Corporation Loan Repayment Program of the Public Health Service Act.
B. To be eligible for the loan repayment program, an applicant must be licensed and qualified as a physician or nurse to practice in Louisiana, be willing to practice in a health professional shortage area, and meet any other requirements which may be established by the program.
C. Medical education loans shall be repaid retroactively after each term of service in a health professional shortage area for up to three years depending upon the primary health care provider’s length of service.
D. Loans may be repaid for up to twenty thousand dollars per year of service.
E. The program shall provide an implementation schedule for loan repayments by January 1, 1992.
Acts 1991, No. 502, §1; Acts 2009, No. 383, §1, eff. July 6, 2009; Redesignated from La. Rev. Stat. 40:1300.4 by HCR 84 of 2015 R.S.