261.19B  Osteopathic loan revolving fund.

An osteopathic 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 osteopathic loan recipients and the proceeds from the sale of osteopathic loans into the osteopathic loan revolving fund. Moneys credited to the fund shall be used to supplement moneys appropriated for the osteopathic forgivable loan 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

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