Arkansas § 6-81-1401 Nursing Student Loan Program funding

Arkansas Statutes

§ 6-81-1401 — Nursing Student Loan Program funding

Arkansas § 6-81-1401

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This text of Arkansas § 6-81-1401 (Nursing Student Loan Program funding) 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. § 6-81-1401 (2026).

Text

(a)Cash funds for the Nursing Student Loan Program shall consist of:

(1)Funds appropriated for the Nursing Student Loan Program;

(2)Federal funds;

(3)Gifts;

(4)Grants;

(5)Bequests;

(6)Devises;

(7)Donations;

(8)Moneys received to repay a loan under this subchapter;

(9)Interest and other income accruing to or earned by the funds; and (10) All moneys provided by law.

(b)The Arkansas State Board of Nursing:

(1)May invest the principal, interest, and income of the funds;

(2)Shall use the funds for making loans for nursing scholarships; and (3) Shall deposit all loan repayments as a refund to expenditure to be used to make additional loans under this subchapter.

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(a) Cash funds for the Nursing Student Loan Program shall consist of: (1) Funds appropriated for the Nursing Student Loan Program; (2) Federal funds; (3) Gifts; (4) Grants; (5) Bequests; (6) Devises; (7) Donations; (8) Moneys received to repay a loan under this subchapter; (9) Interest and other income accruing to or earned by the funds; and (10) All moneys provided by law. (b) The Arkansas State Board of Nursing: (1) May invest the principal, interest, and income of the funds; (2) Shall use the funds for making loans for nursing scholarships; and (3) Shall deposit all loan repayments as a refund to expenditure to be used to make additional loans under this subchapter.