☰ Revisor of Missouri

Title XI EDUCATION AND LIBRARIES

Chapter 173

< > Effective - 28 Aug 1998 bottom

  173.790.  Contract for participation, terms and conditions. — 1.  The board shall enter into a contract with each individual qualifying for participation in the program at the time the individual declares a major or decides on a course of study, if a major is not declared at the institution at which the individual is enrolled.  The written contract shall contain, but not be limited to, the following:

  (1)  The terms and conditions under which the loan is made, and the requirements for repayment of the* loan by the student;

  (2)  A stipulation that, the provisions of section 143.811 to the contrary notwithstanding, no interest shall be assessed on any loan provided through the program while the student is enrolled full time, or enrolled part-time with the approval of the board, and meets the eligibility requirements pursuant to section 173.778;

  (3)  The terms and conditions for qualifying for forgiveness of loan proceeds received through the program;

  (4)  A provision that any financial obligations arising out of a contract entered into, and any obligations of the individual which are conditioned thereon, are contingent upon funds being appropriated to the fund and on the availability of a targeted high demand job; and

  (5)  The amount of any penalties assessed, in the event repayment of the loan by the student is not made in accordance with the contract, or the student fails to maintain eligibility or other requirements of the program.  All such penalties shall be deposited in the fund.

  2.  Sections 173.775 to 173.796 shall not be construed to require the board to enter into contracts with individuals who otherwise qualify for the program when funds are not available for such purpose.

­­--------

(L. 1998 H.B. 1694)

*Word "the" does not appear in original rolls.


---- end of effective  28 Aug 1998 ----

use this link to bookmark section  173.790


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House