Section 410IAC23-2-9. Fund established

   (a) The Indiana health care professional recruitment and retention fund is established. The purpose of this fund is to provide loan repayment for student loans incurred by health care professionals to encourage full-time delivery of health care in shortage areas. The department shall administer the fund.

  (b) The fund consists of the following:

(1) Appropriations made by the general assembly.

(2) Repayments by loan recipients from the Indiana medical and nursing distribution loan fund under IC 25-22.5-9.

(3) Gifts to the fund.

(4) Grants from public or private sources.

  (c) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund.

  (d) Money in the fund does not revert to the state general fund.

  (e) The fund shall be used for loan repayment under this document. (Indiana State Department of Health; 410 IAC 23-2-9; filed Jun 27, 2002, 1:35 p.m.: 25 IR 3760; readopted filed Sep 16, 2008, 10:36 a.m.: 20081001-IR-410080550RFA; readopted filed Sep 10, 2014, 2:08 p.m.: 20141008-IR-410140299RFA)