Idaho Code § 39-2503: RURAL NURSING LOAN REPAYMENT FUND. [EFFECTIVE UNTIL JUNE 30, 2029]

There is hereby established in the state treasury a rural nursing loan repayment fund to be administered by the department. Moneys in the fund shall:

(1) Be subject to appropriation by the legislature to pay for:

(a) The educational debts of nurses in rural and underserved areas of the state that demonstrate a need for assistance in nursing recruitment and retention; and

(b) The expenses of administering the rural nursing loan repayment program, which expenses shall not exceed ten percent (10%) of the annual appropriation by the legislature; and

(2) Consist of:

(a) Legislative appropriations;

(b) Health care industry contributions, private donations, and federal funds as available; and

(c) Interest earned on idle moneys in the fund.