HARRY HUGHES, Governor

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(2)  GIVE PREFERENCE TO APPLICANTS WHO
DEMONSTRATE FINANCIAL NEED;

(3)  DISTRIBUTE SCHOLARSHIPS AVAILABLE UNDER THIS
SECTION IN THE FOLLOWING MANNER, TO THE NEAREST WHOLE
NUMBER: TO QUALIFIED APPLICANTS MEETING THE REQUIREMENTS OF
THIS SECTION.

(I) ONE-HALF TO STUDENTS ENROLLED IN A
NURSING EDUCATION PROGRAM AT AN INSTITUTION, EXCEPT FOR A
BACCALEUREATE OR A GRADUATE NURSING EDUCATION PROGRAM;

(II) ONE-THIRD TO STUDENTS ENROLLED IN A
BACCALAUREATE NURSING EDUCATION PROGRAM; AND

(III) ONE-SIXTH TO STUDENTS ENROLLED IN A
GRADUATE NURSING EDUCATION PROGRAM;

(IV) SCHOLARSHIPS IN A CATEGORY FOR WHICH

THERE WERE INSUFFICIENT QUALIFIED APPLICANTS SHALL BE

OFFERED TO QUALIFIED APPLICANTS IN ANOTHER CATEGORY.

(4)  REPORT TO THE GENERAL ASSEMBLY ON OR BEFORE
NOVEMBER 1 OF EACH YEAR THE NUMBER OF APPLICANTS AND THE
NUMBER OF SCHOLARSHIP RECIPIENTS; AND

(5) MAKE ANY RECOMMENDATIONS FOR ALTERATIONS IN
THE PROGRAM, INCLUDING CHANGES IN THE APPORTIONMENT OF

SCHOLARSHIPS AMONG THE VARIOUS CATEGORIES OF NURSING

EDUCATION PROGRAMS.

(G) IF THE RECIPIENT DOES NOT COMPLETE THE NURSING
EDUCATION PROGRAM OR FULFILL THE REQUIREMENTS OF SUBSECTION
(C)(3) OF THIS SECTION THE RECIPIENT SHALL:

(1)  REPAY TO THE STATE SCHOLARSHIP BOARD THE
FUNDS EXPENDED;

(2)  MEET THE REPAYMENT SCHEDULE OF NOT LESS THAN
2 YEARS NOR MORE THAN 10 YEARS; AND

(3)  PAY SIMPLE INTEREST THAT:

(I)  IS NOT MORE THAN 7 PERCENT A YEAR; AND

(II)  BEGINS WHEN THE RECIPIENT STOPS
ATTENDING SCHOOL.

(H) THE STATE SCHOLARSHIP BOARD SHALL PROMULGATE
REGULATIONS NECESSARY TO IMPLEMENT THIS SECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That the
Governor shall provide funds in the budget sufficient to
offer the following number of initial scholarships:

Fiscal Year 1982 - 50 scholarships