Arkansas Code Title 6. Education § 6-81-1105. Veterinary medicine loans

(1) “Food animal” means bovine, porcine, ovine, camelid, cervid, poultry, and any other species determined by the State Veterinarian;

(2) “Food supply veterinary medicine” means all aspects of veterinary medicine's involvement in food supply systems, from traditional agricultural production to consumption;

(3) “Loan repayment” means a payment made to a recipient upon completion of yearly requirements;

(4) “Participating institution” means the College of Veterinary Medicine of Mississippi State University;

(5) “Practice of food supply veterinary medicine” means a corporate or private veterinary practice with a minimum of thirty percent (30%) of the practice devoted to food animal medicine or mixed animal medicine located in rural areas; and

(6) “Qualified recipient” means a student who:

(1) Benefit Arkansas residents; and

(2) Assist with the repayment of federal student loans for students that attended a participating institution and completed the requirements for loan repayment.

(c)(1) The division shall administer the program.

(1) Allocate the number of qualified recipients to receive loan repayment based on the amount of funds appropriated;

(2) Determine the necessary procedures for awarding the loan repayments if the number of eligible applicants and recipients exceeds the funding available; and