Arkansas § 17-90-111 Loans to optometry students

Arkansas Statutes

§ 17-90-111 — Loans to optometry students

Arkansas § 17-90-111

Title17

This text of Arkansas § 17-90-111 (Loans to optometry students) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 17-90-111 (2026).

Text

(a)The Division of Higher Education shall provide a loan from the Higher Education Grants Fund Account that is in excess of the Southern Regional Education Board grant funds to any optometry student:

(1)Who is bona fide resident of the state;

(2)Who is enrolled in an optometry professional program outside the state; and (3) For whom any part of the out-of-state tuition is paid by the State of Arkansas through the Southern Regional Education Board grant funds.

(b)A loan authorized by this section:

(1)Shall not exceed five thousand dollars ($5,000) annually;

(2)Shall be made:

(A)On an annual basis not to exceed the combined total of four (4) years; and (B) At a rate of interest determined by the division, but not to exceed four percent (4%);

(3)May be forgiven at the rate of one (1)

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(a) The Division of Higher Education shall provide a loan from the Higher Education Grants Fund Account that is in excess of the Southern Regional Education Board grant funds to any optometry student: (1) Who is bona fide resident of the state; (2) Who is enrolled in an optometry professional program outside the state; and (3) For whom any part of the out-of-state tuition is paid by the State of Arkansas through the Southern Regional Education Board grant funds. (b) A loan authorized by this section: (1) Shall not exceed five thousand dollars ($5,000) annually; (2) Shall be made: (A) On an annual basis not to exceed the combined total of four (4) years; and (B) At a rate of interest determined by the division, but not to exceed four percent (4%); (3) May be forgiven at the rate of one (1) year's loan for one (1) year's practice in Arkansas; (4) May be deferred, but for no longer than five (5) years, for the following reasons: (A) Military service; (B) Special training; or (C) Extraordinary circumstances as determined by the division; and (5) Shall be in addition to Southern Regional Education Board grant funds.

Legislative History

Amended by Act 2019, No. 910,§ 2248, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 2247, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 2246, eff. 7/1/2019. Acts 2007, No. 488, § 1.