Oklahoma Administrative Code
Title 540 - Physician Manpower Training Commission
Chapter 40 - Family/General Practice Resident Rural Scholarship Loan Program
Section 540:40-1-3 - Terms and conditions of scholarship

The terms and conditions governing the scholarship shall be as prescribed and formulated by the Health Care Workforce Training Commission, but shall include the conditions that each recipient shall match and sign an agreement with a community, approved by the Commission, on or before the end of the second year of residency training; shall schedule and complete one (1) month of elective rotation in the matched community during the third year of residency training; and upon completion of residency training, return to the matched community and practice medicine for one (1) month for each month the scholarship is financed. The contract shall provide that in the event the recipient breaches the terms of the contract by not serving the matched community for the specified period of time, the recipient shall pay liquidated damages in an amount not to exceed 100% of the principal. After payment of liquidated damages, repayment of the principal may be made in cash with interest at the rate of prime plus one per annum, said interest to accrue from the date each payment of funds pursuant to the scholarship is made. [70:625.13]

Added at 15 Ok Reg 1782, eff 5-11-98; Amended at 18 Ok Reg 1324, eff 5-11-01