H-8048

   Amend House File 2461 as follows:
   1.  Page 1, before line 1 by inserting: 
   <Section 1.  Section 261.113, subsection 5, paragraph a, Code 2020, 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 be forty thousand dollars annually for an eligible loan if the total loan amount equals or exceeds two hundred thousand dollars. 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.  If the total amount of an eligible student’s eligible loan upon graduation is less than two hundred thousand dollars, the commission shall divide the total amount of the eligible student’s eligible loan by five to determine the annual amount of loan repayment the loan recipient is eligible to receive.>
   2.  Page 1, after line 19 by inserting: 
   <Sec. ___.  Section 261.115, Code 2020, is amended by adding the following new subsection:
   NEW SUBSECTION.  2A.  A loan repayment recipient who refinances an eligible loan by obtaining a private educational loan may continue to receive loan repayment under this section.
   Sec. ___.  Section 261.115, subsection 3, Code 2020, is amended to read as follows:
   3.  A health care professional recruitment fund is created in the state treasury as a separate fund under the control of the commission for deposit of moneys appropriated to or received by the commission for use under the program. 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 but shall remain in the fund and be continuously available for loan forgiveness repayment under the program. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys deposited in the fund shall be credited to the fund.
   Sec. ___.  Section 261.116, Code 2020, is amended by adding the following new subsection:
   NEW SUBSECTION.  4A.  Refinanced loans.  A loan repayment recipient who refinances a qualified student loan by obtaining a private educational loan may continue to receive loan repayment under this section if the amount of loan repayment does not exceed the lesser of the amount specified in subsection 4 or the balance of the loan repayment amount the loan repayment recipient qualified to receive with the qualified student loan.
   Sec. ___.  EFFECTIVE DATE.  This Act, being deemed of immediate importance, takes effect upon enactment.
   Sec. ___.  RETROACTIVE APPLICABILITY.  This Act applies retroactively to January 1, 2019, for recipients of loan repayment under sections 261.113, 261.115, and 261.116.>
   3.  Title page, line 1, by striking <eligible> and inserting <student>
   4.  Title page, line 2, by striking <program> and inserting <program, the health care professional recruitment program, and the health care loan repayment program, and including effective date and retroactive applicability provisions>
   5.  By renumbering as necessary.

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DOLECHECK of Ringgold