Bill Text: IA SSB1025 | 2023-2024 | 90th General Assembly | Introduced


Bill Title: A bill for an act relating to individuals who fail to fulfill the obligation to engage in practice in a service commitment area under the rural Iowa primary care loan repayment program and including applicability provisions.(See SF 249.)

Spectrum: Committee Bill

Status: (Introduced) 2023-02-08 - Committee report approving bill, renumbered as []. [SSB1025 Detail]

Download: Iowa-2023-SSB1025-Introduced.html
Senate Study Bill 1025 - Introduced SENATE/HOUSE FILE _____ BY (PROPOSED COLLEGE STUDENT AID COMMISSION BILL) A BILL FOR An Act relating to individuals who fail to fulfill the 1 obligation to engage in practice in a service commitment 2 area under the rural Iowa primary care loan repayment 3 program and including applicability provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 1172DP (4) 90 jda/jh
S.F. _____ H.F. _____ Section 1. Section 261.113, subsection 5, Code 2023, is 1 amended to read as follows: 2 5. Loan repayment amounts. The amount of loan repayment 3 an eligible student who enters into an agreement pursuant to 4 subsection 3 shall receive if in compliance with obligations 5 under the agreement shall be forty thousand dollars annually 6 for an eligible loan if the total loan amount equals or exceeds 7 two hundred thousand dollars. Payments made pursuant to an 8 agreement entered into under subsection 3 may be made for after 9 the completion of each year of eligible practice during a 10 period of five consecutive years and shall not exceed a total 11 of two hundred thousand dollars. If the total amount of an 12 eligible student’s eligible loan upon graduation is less than 13 two hundred thousand dollars, the commission shall divide the 14 total amount of the eligible student’s eligible loan by five 15 to determine the annual amount of loan repayment the loan 16 recipient is eligible to receive. 17 Sec. 2. Section 261.113, subsection 11, paragraph d, Code 18 2023, is amended to read as follows: 19 d. If a loan repayment recipient fails to fulfill 20 the obligation to engage in practice in accordance with 21 subsection 3 , the recipient shall be subject to repayment to 22 the commission of the loan amount plus interest as specified 23 by rule shall not make additional loan repayments to the 24 recipient . A loan repayment recipient who fails to meet 25 the requirements of the obligation to engage in practice in 26 accordance with subsection 3 may also be subject to repayment 27 of moneys advanced by the service commitment area as provided 28 in any agreement with the service commitment area. 29 Sec. 3. APPLICABILITY. This Act applies to individuals who 30 receive loan repayments under the rural Iowa primary care loan 31 repayment program on or after the effective date of this Act. 32 EXPLANATION 33 The inclusion of this explanation does not constitute agreement with 34 the explanation’s substance by the members of the general assembly. 35 -1- LSB 1172DP (4) 90 jda/jh 1/ 2
S.F. _____ H.F. _____ This bill relates to individuals who fail to fulfill the 1 obligation to engage in practice in a service commitment area 2 under the rural Iowa primary care loan repayment program 3 (program). 4 The program provides loan repayments for medical students 5 who agree to practice as physicians for five years in service 6 commitment areas, as defined in Code section 261.113. The bill 7 provides that the college student aid commission is to make 8 loan repayments after the completion of each year of practice. 9 Current law requires an individual who receives loan 10 repayments under the program to repay the commission the total 11 amount of those loan repayments if the individual fails to 12 fulfill the obligation to practice as a physician in a service 13 area for five years. The bill strikes this requirement. The 14 bill provides that, if the individual fails to fulfill the 15 obligation to practice as a physician in a service area for 16 five years, the commission is prohibited from making additional 17 loan repayments to the individual. 18 The bill applies to individuals who receive loan repayments 19 under the program on or after the effective date of the bill. 20 -2- LSB 1172DP (4) 90 jda/jh 2/ 2
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