HF 2010 (LSB 5281YH (3) 86)

HOUSE FILE 2010

BY  GASSMAN

A BILL FOR

An Act relating to the rural Iowa primary care and the rural Iowa advanced registered nurse practitioner and physician assistant loan repayment programs.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 261.113, subsection 5, paragraph a, Code 2016, is amended to read as follows:
   a.  The amount of loan repayment an eligible student who enters into an agreement pursuant to subsection 3 shall receive if in compliance with obligations under the agreement shall not exceed fifty forty thousand dollars annually for an eligible loan. Payments under this section may be made for each year of eligible practice during a period of five consecutive years and shall not exceed a total of two hundred thousand dollars.
    Sec. 2.  Section 261.114, subsection 5, Code 2016, is amended to read as follows:
   5.  Loan repayment amounts.
   a.  The amount of loan repayment an eligible student who enters into an agreement pursuant to subsection 3 shall receive if in compliance with obligations under the agreement shall not exceed five four thousand dollars annually for an eligible loan. Payments under this section may be made for each year of eligible practice during a period of five consecutive years and shall not exceed a total of twenty thousand dollars.
   b.  The commission shall not enter into more than fifteen program agreements annually, with the exception of agreements providing for additional loan repayment with surplus funds in accordance with subsection 7.
EXPLANATION
The inclusion of this explanation does not constitute agreement with

the explanation’s substance by the members of the general assembly.
   This bill reduces the limitation on the amount of loan repayment an eligible student can receive annually under the rural Iowa primary care loan repayment program and the rural Iowa advanced registered nurse practitioner and physician assistant loan repayment program, and also eliminates a provision that prohibits the college student aid commission from entering into more than 15 rural Iowa advanced registered nurse practitioner and physician assistant loan repayment program agreements annually.