Arkansas Code Title 6. Education § 6-81-1403. Arkansas State Board of Nursing--Powers and duties

(1) Prescribe forms to be used in the Nursing Student Loan Program;

(2) Regulate the submission of applications for loans;

(3) Determine eligibility of applicants;

(4) Allow or disallow applications for financial assistance;

(5) Contract for, increase, decrease, terminate, and otherwise regulate all loans made under this subchapter and the repayment of these loans;

(6) Forgive loans and portions of loans as provided for; and

(7) Manage, operate, and control all funds and property appropriated or otherwise contributed for purposes of funding this program.

(1) Accept gifts, grants, bequests, devises, donations, and any federal funds available for the program, to be used together with funds appropriated for the program for making loans under this subchapter; and

(2) Hire a qualified person or entity to administer any aspect of the program.