R434-45-4. Loan Repayment Contract Administration

  (1) The Department may enter into education loan repayment contracts with physicians, in accordance with 26-46a-103(2).

  (2) The Department may award loan repayment contracts up to $15,000 per contract year per physician.

  (3) The Department may pay recipient at the end of the first quarter of the contract year.

  (4) The Department may not enter into a loan repayment contract with an applicant who is in default of any scholarship or loan repayment program at the time of application.

  (5) Recipient shall enter into a written loan repayment contract with the Department and the approved rural hospital that binds them to the terms of the program before receiving Department funds.

  (6) The approved rural hospital shall provide a copy of the contract with recipient to the Department showing evidence of the payment method used by the rural hospital to match funds.

  (7) Recipient shall have and maintain a permanent, unrestricted license to practice as a physician in Utah before his first day of service under the contract and during the service obligation.

  (8) Recipient shall provide a progress report as defined by the Department from the hospital on a biannual basis to the Department.

  (9) Recipient shall provide information reasonably necessary for administration of the program, as determined by the Department.

  (10) Recipient may not enter into any other similar contract for loan repayment until recipient satisfies the service obligation of the loan repayment contract.