110 ILCS 995/1
Short title
Short title. This Act may be cited as the Veterinary Student Loan Repayment Program Act. (Source: P.A. 96-142, eff. 8-7-09.)
Illinois Compiled Statutes 110 ILCS 995 — Veterinary Student Loan Repayment Program Act.
Illinois · statute · 110 ILCS 995 · 8 active provisions
Provisions
110 ILCS 995/15
Definitions
Definitions. In this Act: "College" means the College of Veterinary Medicine of the University of Illinois. "Program" means the Veterinary Student Loan Repayment Program established under this Act. "University" means the University of Illinois. (Source: P.A. 96-142, eff. 8-7-09.)
110 ILCS 995/20
Veterinary Student Loan Repayment Program
Veterinary Student Loan Repayment Program. (a) There is hereby created a veterinary training program for large animal and public health veterinary medicine, which shall be known as the Veterinary Student Loan Repayment Program and administered through the University of Illinois. (b) The purpose of the Program is to pro…
110 ILCS 995/25
Program agreement
Program agreement. (a) Prior to receiving a loan under the Program, each loan recipient must sign an agreement pledging that he or she shall: (1) complete the veterinary medicine degree program at the College; (2) complete all advanced training in public health, livestock biosecurity, foreign animal disease diagnosis,…
110 ILCS 995/30
Failure to satisfy program agreement
Failure to satisfy program agreement. Upon the failure of a loan recipient to satisfy the obligations set forth in the program agreement, he or she must repay to the University the amount equal to the amount loaned to the recipient less a prorated amount based on any periods of practice of veterinary medicine meeting t…
110 ILCS 995/35
Collected payments
Collected payments. Payments received by the University in accordance with this Act shall be deposited with the University for the purpose of supporting the Program, which shall include providing funding for additional loans as provided for under this Act, and administrative costs associated with administering the Prog…
110 ILCS 995/40
Expiration of Program
Expiration of Program. The University may not enter into any program agreement under the Program or the provisions of this Act after July 1, 2019. All program agreements entered into prior to July 1, 2019 shall continue in full force and effect, subject to the requirements of this Act. (Source: P.A. 96-142, eff. 8-7-09…
110 ILCS 995/99
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 96-142, eff. 8-7-09.)