261.19B - OSTEOPATHIC PHYSICIAN RECRUITMENT REVOLVING FUND.
261.19B OSTEOPATHIC PHYSICIAN RECRUITMENT REVOLVING
FUND.
An osteopathic physician recruitment revolving fund is created in
the state treasury as a separate fund under the control of the
commission. The commission shall deposit payments made by
osteopathic physician recruitment recipients and the proceeds from
the sale of osteopathic loans into the osteopathic physician
recruitment revolving fund. Moneys credited to the fund shall be
used to supplement moneys appropriated for the osteopathic physician
recruitment program, for loan forgiveness to eligible physicians, and
to pay for loan or interest repayment defaults by eligible
physicians. Notwithstanding section 8.33, any balance in the fund on
June 30 of any fiscal year shall not revert to the general fund of
the state. Section History: Recent Form
94 Acts, ch 1108, §2; 2000 Acts, ch 1095, §13; 2000 Acts, ch 1232,
§63