Okla. Stat. tit. 70, § 70-697.17: Nursing Student Assistance Program

A. There is hereby established the Nursing Student Assistance

Program which shall be administered by the Health Care Workforce

Training Commission. The purpose of the program shall be to

encourage persons to enter nursing education programs and to

practice in areas of this state in which there is an urgent need for

nursing services or in institutions or agencies of this state which

provide funds on a matching basis with the Health Care Workforce

Training Commission for the support of nursing students. The

Nursing Student Assistance Program shall be administered by rules

adopted by the Health Care Workforce Training Commission.

B. Only students who are residents of this state shall be

eligible to participate in the Nursing Student Assistance Program.

C. If a person receiving Nursing Student Assistance Program

funds fails to fully comply with the provisions of the contract for

the funds, the person shall refund to the Health Care Workforce

Training Commission all monies received by the person pursuant to

the provisions of the contract plus a one-time liquidated damages

assessment of five percent (5%) of the total amount dispersed to the

person in lieu of interest. The Commission shall prorate the amount

to be repaid in the event the obligation was partially fulfilled.

D. There is hereby created in the State Treasury a revolving

fund for the Health Care Workforce Training Commission to be

designated the "Nursing Student Assistance Fund". The fund shall be

a continuing fund, not subject to fiscal year limitations, and shall

consist of all nonappropriated monies, including community match

money of appropriated funds, grants, gifts, and repayment of

scholarships received by the Health Care Workforce Training

Commission. All monies accruing to the credit of the fund are

hereby appropriated and may be budgeted and expended by the Health

Care Workforce Training Commission for such scholarships as may be

provided for pursuant to the Nursing Student Assistance Program.

Expenditures from the fund shall be made upon warrants issued by the

State Treasurer against claims filed as prescribed by law with the

Director of the Office of Management and Enterprise Services for

approval and payment.