§ 12-12-327 — State Crime Laboratory Student Loan Forgiveness Program

Arkansas § 12-12-327

• Jurisdiction: Arkansas
• Title: 12

Text

(a) There is established the State Crime Laboratory Student Loan Forgiveness Program to assist pathologists employed by the State Crime Laboratory with the repayment of the pathologists' student loans. (b) (1) The program described under this section shall be administered by the laboratory. (2) The State Crime Laboratory Board shall promulgate rules for determining a pathologist's eligibility for student loan forgiveness under the program that shall include the following requirements: (A) Satisfactory completion of any probationary employment period; (B) Proof of a student loan that remains unpaid, including the name and address of the student loan creditor; and (C) An executed employment contract with the laboratory in which the pathologist agrees to: (i) Work for the laboratory for a term that equals twenty-four (24) months for each year that the program makes a payment on the pathologist's student loan; and (ii) Reimburse the program if the pathologist resigns or is terminated for cause before the term of the employment contract terminates. (3) The amount of the payment to be made directly to the pathologist's student loan creditor shall not exceed: (A) Twenty-five thousand dollars ($25,000) per twenty-four (24) months; or (B) One hundred thousand dollars ($100,000) per pathologist.

Legislative History

Added by Act 2021, No. 360,§ 1, eff. 7/28/2021.