261.72 - CHIROPRACTIC LOAN REVOLVING FUND.
261.72 CHIROPRACTIC LOAN REVOLVING FUND.
A chiropractic loan 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 chiropractic loan
recipients and the proceeds from the sale of chiropractic loans, less
costs of collection of delinquent chiropractic loans, into the
chiropractic loan revolving fund. Moneys credited to the fund shall
be used to supplement moneys appropriated for the chiropractic
graduate student forgivable loan program, for loan forgiveness to
eligible chiropractic physicians, and to pay for loan or interest
repayment defaults by eligible chiropractic 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
96 Acts, ch 1158, §4 Footnotes
Allocation to chiropractic loan forgiveness program; 2009 Acts, ch
177, § 4