71-5661 Financial incentives; funding; Rural Health Professional Incentive Fund; created; use; investment.
71-5661. Financial incentives;funding; Rural Health Professional Incentive Fund; created; use; investment.(1) The financial incentives provided by the Rural HealthSystems and Professional Incentive Act shall consist of (a) student loansto eligible students for attendance at an eligible school as determined pursuantto section 71-5662 and (b) the repayment of qualified educational debts owedby eligible health professionals as determined pursuant to such section. Fundsfor such incentives shall be appropriated from the General Fund to the departmentfor such purposes.(2) The Rural Health Professional Incentive Fund is created.The fund shall be used to carry out the purposes of the act, except that transfers may be made from the fund to theGeneral Fund at the direction of the Legislature. Money creditedpursuant to section 71-5670.01 and payments received pursuant to sections 71-5666 and 71-5668 shall be remitted to the State Treasurer for credit tothe Rural Health Professional Incentive Fund. Anymoney in the fund available for investment shall be invested by the stateinvestment officer pursuant to the Nebraska Capital Expansion Act and theNebraska State Funds Investment Act. SourceLaws 1991, LB 400, § 12; Laws 1994, LB 1223, § 58; Laws 1995, LB 7, § 79; Laws 1996, LB 1155, § 50; Laws 1999, LB 242, § 1; Laws 2001, LB 214, § 3; Laws 2004, LB 1005, § 103; Laws 2009, First Spec. Sess., LB3, § 46.Effective Date: November 21, 2009 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.