283—25.4 (261) Awarding of funds.
	   25.4(1) Prior to accepting an offer of employment, the advanced registered nurse practitioner or physician assistant must notify the commission of the service commitment area in which the advanced registered nurse practitioner or physician assistant will be employed, and the commission will verify the eligibility of the service commitment area.
	   25.4(2) The maximum award will be paid to the advanced registered nurse practitioner or physician assistant’s eligible loan lender in one installment, upon successful completion of the 60-month employment obligation. Failure to complete all, or any portion, of the 60-consecutive-month employment obligation will result in the forfeiture of all payments. An advanced registered nurse practitioner or physician assistant who fails to meet the requirements of these rules may also be subject to repayment of moneys advanced by the service commitment area as provided in any contract between the advanced registered nurse practitioner or physician assistant and the service commitment area.
	   25.4(3) No loan repayment amounts will be paid until the service commitment area provides the nonrefundable $2,000 contribution for deposit into the rural Iowa advanced registered nurse practitioner and physician assistant trust fund.
[ARC 1321C, IAB 2/19/14, effective 3/26/14]