Nevada Revised Statutes Title 34. Education § 397.065. Repayment of state's contributions for stipends by participant who received stipend before July 1, 1995

1. The provisions of this section apply only to stipends received by a participant before July 1, 1995.

2. Each participant entering the Western Regional Education Compact program after April 23, 1977, must repay all state contributions for stipends which the participant receives from the Western Interstate Commission for Higher Education unless the participant practices, in Nevada, for the period determined pursuant to NRS 397.0645, the profession in which the participant was certified.

3. Stipends granted before July 1, 1985, and stipends granted to participants classified as continuing students before July 1, 1985, must be repaid within the same period established for the repayment of loans in NRS 397.063.  Stipends granted before July 1, 1985, and stipends granted to participants classified as continuing students before July 1, 1985, do not bear interest.

4. Stipends granted to participants entering the program on or after July 1, 1985, must be repaid in the same manner, within the same period and at the same rate of interest established for the repayment of loans in NRS 397.064.