§ 6-81-1403 - Arkansas State Board of Nursing -- Powers and duties. - Arkansas Statutes

6-81-1403. Arkansas State Board of Nursing -- Powers and duties.

(a) The Arkansas State Board of Nursing shall:

(1) Prescribe forms to be used in the Nursing Student Loan Program;

(2) Regulate the submission of applications for loans;

(3) Determine eligibility of applicants;

(4) Allow or disallow applications for financial assistance;

(5) Contract for, increase, decrease, terminate, and otherwise regulate all loans made under this subchapter and the repayment of these loans;

(6) Forgive loans and portions of loans as provided for; and

(7) Manage, operate, and control all funds and property appropriated or otherwise contributed for purposes of funding this program.

(b) The board may:

(1) Accept gifts, grants, bequests, devises, donations, and any federal funds available for the program, to be used together with funds appropriated for the program for making loans under this subchapter; and

(2) Hire a qualified person or entity to administer any aspect of the program.