TITLE 77: PUBLIC HEALTH
CHAPTER I: DEPARTMENT OF PUBLIC HEALTH
SUBCHAPTER g: GRANTS TO DENTAL AND MEDICAL STUDENTS
PART 590 FAMILY PRACTICE RESIDENCY CODE
SECTION 590.300 LIMITATIONS ON USE OF LOAN REPAYMENT FUNDS
Section 590.300 Limitations on Use of Loan Repayment Funds
a) Funds shall be used for the repayment of the educational loans of primary care physicians who agree to serve in Designated Shortage Areas for a specified period of time, no less than 2 years.
b) Payments under this program may be made for the principal, interest and related expenses of government and commercial loans received by the individual and used for tuition expenses, and all other reasonable educational expenses incurred by the individual.
c) The maximum annual payment which may be made to an individual under the Act and this Part is $20,000, or 25% of the total covered educational indebtedness, whichever is less.
d) Payments made under this Section shall be exempt from Illinois State income tax. (Section 4.10 of the Act)
e) Funds shall not be used to monetarily repay a practice obligation resulting from educational loans or scholarships, whether from Illinois based institutions or governments or those in other states.
(Source: Amended at 35 Ill. Reg. 14089, effective August 4, 2011)