FAMILY PRACTICE RESIDNCY LOANS
Synopsis of Bill as introduced:
Amends the Family Practice Residency Act. Provides that a
scholarship recipient who fails to fulfill his or her
designated-shortage-area practice requirement shall pay interest at 9%
per annum on the unpaid balance of the principal amount required to be
paid by the recipient as a result of that failure.
FISCAL NOTE (Dpt. Public Health)
SB331 could result in additional deposits into the Community
Health Center Care Fund.
FISCAL NOTE, H-AM 1 (Dept. of Public Health)
This legislation could result in additional monies to be de-
posited into the Community Health Center Care Fund.
HOUSE AMENDMENT NO. 1.
Replaces the provisions of the engrossed bill with provisions
stating that a scholarship recipient who fails to fulfill his
designated-shortage-area practice requirement has 30 days from the
date on which the failure begins to enter into a repayment contract
with the Department. Provides that if the contract is not entered
into within that 30 day period or if payments are not made as required
by a contract that is entered into, the scholarship recipient must
then also pay interest at 9% per annum on the unpaid balance of the
principal amount payable as a result of the recipient's failure to
fulfill his practice requirement.
Last action on Bill: PUBLIC ACT.............................. 90-0405
Last action date: 97-08-15
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status