H.F. 2271 Section 1. Section 261.2, subsection 8, Code Supplement 1 2009, is amended to read as follows: 2 8. Submit by January 15 annually a report to the general 3 assembly which provides, by program, the number of individuals 4 who received loan forgiveness in the previous fiscal year, 5 the amount paid to individuals under sections 261.23, 6 261.73, 261.106, and 261.112, and the institutions from which 7 individuals graduated, and that includes any proposed statutory 8 changes and the commission’s findings and recommendations. 9 Sec. 2. NEW SECTION . 261.106 Dentist loan forgiveness 10 program and repayment fund. 11 1. a. A dentist loan forgiveness program is established 12 to be administered by the commission. A dentist licensed by 13 the dental board created under chapter 147 is eligible for the 14 program if the dentist agrees to practice in an eligible rural 15 community in this state. 16 b. For purposes of this section, “eligible rural community” 17 means a rural community which is underserved by dental care 18 providers and which agrees to match state funds provided on at 19 least a dollar-for-dollar basis for the loan repayment of a 20 dentist who practices in the community. 21 2. Each applicant for loan forgiveness shall, in accordance 22 with the rules of the commission, do the following: 23 a. Complete and file an application for dentist loan 24 forgiveness. The individual shall be responsible for 25 the prompt submission of any information required by the 26 commission. 27 b. File a new application and submit information as 28 required by the commission annually on the basis of which the 29 applicant’s eligibility for the renewed loan forgiveness will 30 be evaluated and determined. 31 c. Complete and return on a form approved by the commission 32 an affidavit of practice verifying that the applicant is, or 33 agrees to become, a dentist in an eligible rural community. 34 3. a. The annual amount of loan forgiveness funded by the 35 -1- LSB 5300YH (4) 83 kh/nh 1/ 3

H.F. 2271 state and the eligible rural community shall not exceed the 1 resident tuition rate established for institutions of higher 2 learning governed by the state board of regents for the first 3 year following the dentist’s graduation from an accredited 4 college of dentistry, or twenty percent of the dentist’s total 5 federally guaranteed Stafford loan amount under the federal 6 family education loan program or the federal direct loan 7 program, including principal and interest, whichever amount is 8 less. A dentist shall be eligible for the loan forgiveness 9 program for not more than five consecutive years. 10 b. The dentist, the eligible rural community, and the 11 commission shall annually enter into a contract for loan 12 repayment that stipulates the time period the dentist shall 13 practice in the eligible rural community and that the dentist 14 must repay any funds paid on the dentist’s loan by the 15 commission and the community if the dentist fails to practice 16 in the eligible rural community for the required period of 17 time. 18 4. A dentist loan forgiveness repayment fund is created 19 for deposit of moneys appropriated to or received by the 20 commission for use under the program. Notwithstanding section 21 8.33, moneys deposited in the fund shall not revert to any 22 fund of the state at the end of any fiscal year but shall 23 remain in the dentist loan forgiveness repayment fund and be 24 continuously available for loan forgiveness under the program. 25 Notwithstanding section 12C.7, subsection 2, interest or 26 earnings on moneys deposited in the fund shall be credited to 27 the fund. 28 5. The commission shall adopt rules pursuant to chapter 17A 29 to administer this section. 30 EXPLANATION 31 This bill establishes a dentist loan forgiveness program and 32 repayment fund to be administered by the college student aid 33 commission. A licensed dentist is eligible for the program if 34 the dentist agrees to practice in an eligible rural community 35 -2- LSB 5300YH (4) 83 kh/nh 2/ 3

H.F. 2271 in this state, which is defined as a rural community which is 1 underserved by dental care providers and which agrees to match 2 state funds provided on at least a dollar-for-dollar basis for 3 the loan repayment of a dentist who practices in the community. 4 The annual amount of loan forgiveness cannot exceed the 5 resident tuition rate established for regents universities 6 for the first year following the dentist’s graduation from an 7 accredited college of dentistry, or 20 percent of the dentist’s 8 total federally guaranteed Stafford loan amount under the 9 federal family education loan program or the federal direct 10 loan program, including principal and interest, whichever 11 amount is less. A dentist shall be eligible for the loan 12 forgiveness program for not more than five consecutive years. 13 The dentist, the eligible rural community, and the 14 commission must annually enter into a contract stipulating the 15 time period the dentist shall practice in the eligible rural 16 community, and stipulating that the dentist must repay any 17 funds paid on the loan by the commission and the community if 18 the dentist does not practice in the community for the required 19 period of time. 20 The dentist loan forgiveness repayment fund is created for 21 deposit of moneys appropriated to or received by the commission 22 for use under the program. Moneys in the fund do not revert to 23 any fund of the state at the end of any fiscal year but remain 24 in the fund and be continuously available for loan forgiveness 25 under the program. Interest earned on moneys in the fund is 26 credited to the fund. 27 -3- LSB 5300YH (4) 83 kh/nh 3/ 3