HCS HB 693 -- LARGE ANIMAL VETERINARY STUDENT LOAN ASSISTANCE
(Quinn, 7)

COMMITTEE OF ORIGIN:  Agriculture Policy

This substitute transfers the administration of the Large Animal
Veterinary Medicine Loan Repayment Program from the Missouri
Veterinary Medical Board to the Department of Agriculture.  The
maximum number of veterinarians to whom loan repayments can be
granted each year is increased from five to six, the required
number of years of service in an area of defined need to satisfy
the loan repayment requirement is reduced from five to four, and
the maximum service loan repayment amount per year is increased
from $10,000 to $20,000.

The Large Animal Veterinary Student Loan Program is established
to provide up to six loans yearly to veterinary students
attending the College of Veterinary Medicine at the University of
Missouri-Columbia.  No student can receive more than $80,000 in
loans.  Veterinary students agreeing to locate their practice in
department-identified, under-served areas of the state will have
certain amounts of their loan principal and interest forgiven.

The department director will appoint an advisory panel to make
recommendations regarding the administration of the programs.
The panel will consist of three licensed veterinarians, the Dean
of the College of Veterinary Medicine, and a public member
representing agricultural interests.

The Large Animal Veterinary Student Loan Payment Fund is created
consisting of appropriations from general revenue and donations.
Moneys in the fund will be used for student loans and
administrative expenses incurred by the department.

FISCAL NOTE:  No impact on state funds in FY 2008, FY 2009, and
FY 2010.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:20 am