|Public Act 095-0576
||LRB095 07336 DRJ 27477 b
AN ACT concerning veterans.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
This Act may be cited as the
Veterans' Home Nurses' Loan Repayment Act.
Nurse Loan Repayment Program.
There is created,
beginning July 1, 2007, the Nurse Loan Repayment Program to be
administered by the Illinois Student Assistance Commission in
consultation with the Department of Veterans' Affairs. The
program shall provide assistance, subject to appropriation, to
Award; maximum time period; maximum amount.
Subject to appropriation, the Commission shall award a grant to
each applicant who qualifies under this Act. An individual may
receive a grant under this Act each year for up to 4 years. The
amount of this grant may not exceed $5,000 per recipient per
year. The Commission shall require the recipient of a grant
awarded under the program to use the grant award for payment of
the recipient's educational loan.
All applications for grant
assistance under the program must be made to the Commission in