32.1-122.6:04 - Nurse Loan Repayment Program - Virginia Statutes

§ 32.1-122.6:04. Nurse Loan Repayment Program.

A. With such funds as are appropriated for this purpose, the Board shallestablish a tuition loan repayment program for persons licensed as practicalnurses or registered nurses who meet criteria determined by the Board. TheCommissioner shall act as the fiscal agent for the Board in administration ofthese funds. Prior to awarding any funds, the Board shall require therecipient to agree to perform a period of nursing service in thisCommonwealth.

B. The Board shall promulgate regulations for the implementation andadministration of the Nurse Loan Repayment Program. Applications forparticipation in the program shall be accepted from graduates of nursingeducation programs that prepare them for examination for licensure as apractical nurse or registered nurse, but preference shall be given tograduates of nursing education programs located in the Commonwealth.

C. Any loan repayment amounts repaid by recipients who fail to honor theobligation to perform a period of nursing service in the Commonwealthrequired by this section, and any interest thereon, shall be used only forthe purposes of this section and shall not revert to the general fund.

(2001, c. 188.)