{"data":{"id":"us-ar/ark.-code-ann.-6-81-1401","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 6-81-1401","heading":"Nursing Student Loan Program funding","body":"(a) Cash funds for the Nursing Student Loan Program shall consist of: (1) Funds appropriated for the Nursing Student Loan Program; (2) Federal funds; (3) Gifts; (4) Grants; (5) Bequests; (6) Devises; (7) Donations; (8) Moneys received to repay a loan under this subchapter; (9) Interest and other income accruing to or earned by the funds; and (10) All moneys provided by law. (b) The Arkansas State Board of Nursing: (1) May invest the principal, interest, and income of the funds; (2) Shall use the funds for making loans for nursing scholarships; and (3) Shall deposit all loan repayments as a refund to expenditure to be used to make additional loans under this subchapter. Acts 2003, No. 84, § 2; 2009, No. 9, § 1.\n\n(a) Cash funds for the Nursing Student Loan Program shall consist of: (1) Funds appropriated for the Nursing Student Loan Program; (2) Federal funds; (3) Gifts; (4) Grants; (5) Bequests; (6) Devises; (7) Donations; (8) Moneys received to repay a loan under this subchapter; (9) Interest and other income accruing to or earned by the funds; and (10) All moneys provided by law.\n\n(1) Funds appropriated for the Nursing Student Loan Program;\n\n(2) Federal funds;\n\n(3) Gifts;\n\n(4) Grants;\n\n(5) Bequests;\n\n(6) Devises;\n\n(7) Donations;\n\n(8) Moneys received to repay a loan under this subchapter;\n\n(9) Interest and other income accruing to or earned by the funds; and\n\n(10) All moneys provided by law.\n\n(b) The Arkansas State Board of Nursing: (1) May invest the principal, interest, and income of the funds; (2) Shall use the funds for making loans for nursing scholarships; and (3) Shall deposit all loan repayments as a refund to expenditure to be used to make additional loans under this subchapter.\n\n(1) May invest the principal, interest, and income of the funds;\n\n(2) Shall use the funds for making loans for nursing scholarships; and\n\n(3) Shall deposit all loan repayments as a refund to expenditure to be used to make additional loans under this subchapter.","path":["AR Code","Title 6","Chapter 81","Subchapter 14"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"490c1f4971e804f2f2207d187c0619b56e7439ec0d97af4eb2378dc5f9d54dbc","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-6-81-1301","next":"us-ar/ark.-code-ann.-6-81-1402"},"notice":"GroundRules: Original legal text. Not legal advice."}