Bill Text: IN SB0291 | 2012 | Regular Session | Introduced
Bill Title: Primary care physician loan forgiveness program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-05 - First reading: referred to Committee on Health and Provider Services [SB0291 Detail]
Download: Indiana-2012-SB0291-Introduced.html
Introduced Version
SENATE BILL No. 291
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 21-13-6.
Synopsis: Primary care physician loan forgiveness program. Provides
that a primary care physician who is eligible for student loan
forgiveness under the primary care physician loan forgiveness program
may have student loans forgiven up to an amount of $25,000 each year
the primary care physician's practice provides service primarily in a
rural area.
Effective: July 1, 2012.
Young R
January 5, 2012, read first time and referred to Committee on Health and Provider
Services.
Introduced
Second Regular Session 117th General Assembly (2012)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
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SENATE BILL No. 291
A BILL FOR AN ACT to amend the Indiana Code concerning
education.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 21-13-6-1.5; (12)IN0291.1.1. -->
SECTION 1. IC 21-13-6-1.5 IS ADDED TO THE INDIANA CODE
AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2012]: Sec. 1.5. As used in this chapter, "rural area" has the
meaning set forth in IC 8-1-2-87.
SOURCE: IC 21-13-6-5; (12)IN0291.1.2. -->
SECTION 2. IC 21-13-6-5, AS ADDED BY P.L.170-2009,
SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2012]: Sec. 5. (a) The money in the fund must be used to
provide annual student loan forgiveness payments to qualified primary
care physicians who are residents of Indiana and practice medicine in
Indiana.
(b) Subject to section 8 of this chapter, a student loan forgiveness payment awarded in a particular year under this section is:
(1) for a primary care physician who primarily serves a rural area, an amount equal to the lesser of:
(A) the balance of the physician's total amount of student loans; or
(B) twenty-five thousand dollars ($25,000); or
(2) for a primary care physician that does not qualify for the amount described in subdivision (1), an amount equal to the lesser of:the following amounts:
(1) The (A) the balance of the physician's total amount of
student loans; or
(2) Five (B) five thousand dollars ($5,000).
(c) A primary care physician is eligible for a student loan forgiveness payment under this section each year that the individual meets the qualifications under section 6 of this chapter.
(b) Subject to section 8 of this chapter, a student loan forgiveness payment awarded in a particular year under this section is:
(1) for a primary care physician who primarily serves a rural area, an amount equal to the lesser of:
(A) the balance of the physician's total amount of student loans; or
(B) twenty-five thousand dollars ($25,000); or
(2) for a primary care physician that does not qualify for the amount described in subdivision (1), an amount equal to the lesser of:
(c) A primary care physician is eligible for a student loan forgiveness payment under this section each year that the individual meets the qualifications under section 6 of this chapter.
SOURCE: IC 21-13-6-6; (12)IN0291.1.3. -->
SECTION 3. IC 21-13-6-6, AS ADDED BY P.L.170-2009,
SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2012]: Sec. 6. (a) To qualify for a student loan forgiveness
payment from the fund, an individual must:
(1) be a resident of Indiana;
(2) be licensed as a physician under IC 25-22.5;
(3) except as provided in subsection (b), practice as a primary care physician;
(4) conduct the majority of the individual's medical practice in Indiana;
(5) have an outstanding student loan balance at the beginning of the calendar year; and
(6) be approved by the commission.
(b) In order for a primary care physician to qualify for the loan forgiveness payment amount described in section 5(b)(1) of this chapter, the commission must determine that the primary care physician's practice primarily serves a rural area in Indiana.
(1) be a resident of Indiana;
(2) be licensed as a physician under IC 25-22.5;
(3) except as provided in subsection (b), practice as a primary care physician;
(4) conduct the majority of the individual's medical practice in Indiana;
(5) have an outstanding student loan balance at the beginning of the calendar year; and
(6) be approved by the commission.
(b) In order for a primary care physician to qualify for the loan forgiveness payment amount described in section 5(b)(1) of this chapter, the commission must determine that the primary care physician's practice primarily serves a rural area in Indiana.
