(a) (a) As used in this section, “state agency” means the same as defined in § 21-5-203.(b) There is established the Arkansas State Employee Student Loan Program to assist an eligible employee of a state agency with the repayment of student loans.(c) The program shall be administrated by participating state agencies from existing appropriations.(d) (1) To be eligible for the program, an employee shall:(A) Complete a six-month probationary period that begins with the employee's first day of employment with the state agency;(B) Provide proof that the employee incurred student loan debt for the purpose of obtaining a degree in a field related to the employee's employment position, including without limitation the name and address of the student loan creditor;(C) Provide proof that the student loan is unpaid at the time the employee applies for the program; and(D) Execute an agreement in which the employee agrees:(i) To continue employment with the state agency for a reasonable length of time as determined by the state agency; and(ii) That the state agency is not obligated to issue further payments under the program if the employee resigns or is terminated while participating in the program.(2) A state agency may provide for additional eligibility requirements by rule.(e) Payments under the program shall be made directly to the employee's student loan creditor subject to the following limitations:(1) Payments shall be issued in installments not to exceed two thousand dollars ($2,000); and(2) An employee may receive no more than:(A) Five (5) installment payments; or(B) A total of ten thousand dollars ($10,000) in payments.(f) Each state agency shall promulgate rules necessary to implement the program within the state agency, including without limitation rules regarding:(1) Eligibility for the program;(2) The payments an employee is eligible to receive; and(3) The management of the program within the state agency.
(a) As used in this section, “state agency” means the same as defined in § 21-5-203.
(b) There is established the Arkansas State Employee Student Loan Program to assist an eligible employee of a state agency with the repayment of student loans.
(c) The program shall be administrated by participating state agencies from existing appropriations.
(d) (1) To be eligible for the program, an employee shall:(A) Complete a six-month probationary period that begins with the employee's first day of employment with the state agency;(B) Provide proof that the employee incurred student loan debt for the purpose of obtaining a degree in a field related to the employee's employment position, including without limitation the name and address of the student loan creditor;(C) Provide proof that the student loan is unpaid at the time the employee applies for the program; and(D) Execute an agreement in which the employee agrees:(i) To continue employment with the state agency for a reasonable length of time as determined by the state agency; and(ii) That the state agency is not obligated to issue further payments under the program if the employee resigns or is terminated while participating in the program.(2) A state agency may provide for additional eligibility requirements by rule.
(1) To be eligible for the program, an employee shall:(A) Complete a six-month probationary period that begins with the employee's first day of employment with the state agency;(B) Provide proof that the employee incurred student loan debt for the purpose of obtaining a degree in a field related to the employee's employment position, including without limitation the name and address of the student loan creditor;(C) Provide proof that the student loan is unpaid at the time the employee applies for the program; and(D) Execute an agreement in which the employee agrees:(i) To continue employment with the state agency for a reasonable length of time as determined by the state agency; and(ii) That the state agency is not obligated to issue further payments under the program if the employee resigns or is terminated while participating in the program.
(A) Complete a six-month probationary period that begins with the employee's first day of employment with the state agency;
(B) Provide proof that the employee incurred student loan debt for the purpose of obtaining a degree in a field related to the employee's employment position, including without limitation the name and address of the student loan creditor;
(C) Provide proof that the student loan is unpaid at the time the employee applies for the program; and
(D) Execute an agreement in which the employee agrees:(i) To continue employment with the state agency for a reasonable length of time as determined by the state agency; and(ii) That the state agency is not obligated to issue further payments under the program if the employee resigns or is terminated while participating in the program.
(i) To continue employment with the state agency for a reasonable length of time as determined by the state agency; and
(ii) That the state agency is not obligated to issue further payments under the program if the employee resigns or is terminated while participating in the program.
(2) A state agency may provide for additional eligibility requirements by rule.
(e) Payments under the program shall be made directly to the employee's student loan creditor subject to the following limitations:(1) Payments shall be issued in installments not to exceed two thousand dollars ($2,000); and(2) An employee may receive no more than:(A) Five (5) installment payments; or(B) A total of ten thousand dollars ($10,000) in payments.
(1) Payments shall be issued in installments not to exceed two thousand dollars ($2,000); and
(2) An employee may receive no more than:(A) Five (5) installment payments; or(B) A total of ten thousand dollars ($10,000) in payments.
(A) Five (5) installment payments; or
(B) A total of ten thousand dollars ($10,000) in payments.
(f) Each state agency shall promulgate rules necessary to implement the program within the state agency, including without limitation rules regarding:(1) Eligibility for the program;(2) The payments an employee is eligible to receive; and(3) The management of the program within the state agency.
(1) Eligibility for the program;
(2) The payments an employee is eligible to receive; and
(3) The management of the program within the state agency.