00 HOUSE BILL NO. 265                                                                                                      
01 "An Act relating to student financial assistance; and providing for an effective                                        
02 date."                                                                                                                  
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.43 is amended by adding a new section to read:                                                   
05  Sec. 14.43.950.  EMPLOYMENT CONDITION FOR PARTICIPANTS IN                                                             
06 MEDICAL PROGRAMS.  As a condition of eligibility for receiving a tuition                                                
07 differential subsidy under a medical program offered by the Western Interstate                                          
08 Commission for Higher Education or the Alaska Commission on Postsecondary                                               
09 Education under AS 14.42.030(d), a medical program participant shall agree to be                                        
10 employed in the state for a period of at least six months for each school year of                                       
11 participation in the program for which there is a tuition differential subsidy.  A person                               
12 who graduates from the medical program and who does not meet the employment                                             
13 requirements of this section within six years after completing the person's subsidized                                  
14 medical education program shall pay to the state 50 percent of the tuition differential                                 
01 subsidy received by the person plus interest at the rate provided for scholarship loans                                 
02 under AS 14.43.120(f).  Interest under this section begins to accrue one year after the                                 
03 person completes the subsidized medical education program.                                                              
04    * Sec. 2.  APPLICABILITY.  AS 14.43.950, added by sec. 1 of this Act, applies to a                                   
05 person who begins a medical education program and who receives a tuition differential                                   
06 subsidy on or after January 1, 1994.                                                                                    
07    * Sec. 3.  This Act takes effect July 1, 1993.