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171.306 Obligations of library science scholarship recipient.

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171.306 Obligations of library science scholarship recipient. (1) To be eligible for a scholarship, an applicant shall contract in writing with the state librarian that he or she will graduate in an agreed to period of time and within six <br>(6) months from the date of completing the program of study, accept employment <br>with a library or archival services program approved by the state librarian for a <br>period of at least two (2) years. The recipient shall agree to the terms of <br>employment established by the employing library or archival services program. (2) If the recipient of a scholarship fails to fulfill the obligations agreed to under the contract for a scholarship the entire amount of scholarship benefits received shall <br>become immediately due and payable to the Library Science Scholarship Fund. <br>Repayment of benefits received under this program shall be due in a lump sum or <br>through a payment schedule determined by the state librarian on the advice of the <br>Library Science Scholarship Fund Advisory Committee, and in accordance with <br>current interest rates applicable to similar debts collected by other financial <br>assistance entities. (3) Upon recommendation of the state librarian, the Attorney General shall institute proceedings for the purpose of recovering any amount due the Commonwealth <br>under the provisions of this section. Effective: June 24, 2003 <br>History: Amended 2003 Ky. Acts ch. 131, sec. 2, effective June 24, 2003. -- Amended 1970 Ky. Acts ch. 241, sec. 5. -- Created 1962 Ky. Acts ch. 106, Art. VIII, sec. 7.