NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 485

HOUSE BILL 478

 

 

AN ACT TO REWRITE G.S. 131-121 SO AS TO CONSOLIDATE, CLARIFY AND UNIFY THE STATUTES RELATING TO STUDENT LOAN AND SCHOLARSHIP FUNDS ADMINISTERED BY THE NORTH CAROLINA MEDICAL CARE COMMISSION.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 131-121 is hereby rewritten to read as follows:

"G.S. 131-121.  For the purpose of increasing the number of qualified people in the health services in North Carolina and especially in communities of limited population, mental health facilities and other areas where a shortage of health personnel exists, the North Carolina Medical Care Commission is hereby authorized and empowered, in accordance with such regulations as it may promulgate, to make loans and award scholarships to students who are residents of North Carolina and who may wish to become physicians, dentists, pharmacists, nurses, nurse instructors, nurse anesthetists, medical technicians, social workers, psychologists and students who are enrolled in other studies to be decided by the commission leading to specialization in the health professions and who are accepted in any school, college or university giving accredited courses in these specialized areas provided such students shall agree that upon graduation and being duly licensed or qualified to practice their profession in North Carolina in such field, geographic area or facilities as the commission may designate for one calendar year for each academic year or fraction thereof for which a loan or scholarship is granted. The loans shall bear such interest rate as may be fixed by the commission not to exceed six per cent (6%) per annum. The commission shall have the authority to cancel any contract made between it and any applicant for assistance upon such cause deemed sufficient by the commission. The Medical Care Commission is hereby granted full power and authority to make reasonable rules and regulations so as to implement and promote the student loan and scholarship program in the best interest of the state.

"All funds heretofore appropriated to the Medical Care Commission for student loans and scholarships, including the appropriation made by Chapter 1185 of the Session Laws of 1963, shall be administered by the commission pursuant to the provisions of this Section. This Section shall be applicable also to all loans or scholarship funds repaid to the commission pursuant to this program."

Sec. 2.  All laws and clauses of laws in conflict with this Act including G.S. 131-121.1 and G.S. 131-121.2 are hereby repealed, but said laws shall continue in full force and effect with respect to any obligations created by any loan or scholarship agreements outstanding upon the effective date of this Act.

Sec. 3.  This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 11th day of May, 1965.