(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Arkansas Behavioral Health Professional Student Loan Repayment Fund”.
(b) The fund shall consist of:(1) Moneys obtained from private or public grants, gifts, or donations that are designated to be credited to the fund; and(2) Any other funds authorized, appropriated, or provided by law.
(1) Moneys obtained from private or public grants, gifts, or donations that are designated to be credited to the fund; and
(2) Any other funds authorized, appropriated, or provided by law.
(c) The fund shall be used by the Department of Human Services to create and maintain the Behavioral Health Loan Forgiveness Program under § 6-81-2101 et seq.
(d) Moneys remaining in the fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year.
(e) The Secretary of the Department of Human Services shall:(1) Administer and disburse the fund;(2) Manage, operate, and control all funds and property appropriated or otherwise contributed to the fund for the Behavioral Health Loan Forgiveness Program;(3) Accept gifts, grants, bequests, or devises and apply them to the fund as a part of the Behavioral Health Loan Forgiveness Program;(4) Accept moneys from federal programs that may be used for furtherance of the Behavioral Health Loan Forgiveness Program; and(5) Promulgate reasonable rules necessary to implement this section, including rules addressing the requirements and in conformance with the requirements of the Arkansas Administrative Procedure Act, § 25-15-201 et seq., and other appropriate state laws in promulgating and placing rules into effect to establish the fund.
(1) Administer and disburse the fund;
(2) Manage, operate, and control all funds and property appropriated or otherwise contributed to the fund for the Behavioral Health Loan Forgiveness Program;
(3) Accept gifts, grants, bequests, or devises and apply them to the fund as a part of the Behavioral Health Loan Forgiveness Program;
(4) Accept moneys from federal programs that may be used for furtherance of the Behavioral Health Loan Forgiveness Program; and
(5) Promulgate reasonable rules necessary to implement this section, including rules addressing the requirements and in conformance with the requirements of the Arkansas Administrative Procedure Act, § 25-15-201 et seq., and other appropriate state laws in promulgating and placing rules into effect to establish the fund.