☰ Revisor of Missouri


Chapter 340

< > Effective - 28 Aug 2023, 3 histories    bottom

  340.387.  Contracts for assistance — repayment — forgiveness of loan, when. — 1.  The department of agriculture may enter into a contract with each qualified applicant receiving financial assistance under the provisions of sections 340.381 to 340.396.  Such contract shall specify terms and conditions of loan forgiveness through qualified employment as well as terms and conditions for repayment of the principal and interest.

  2.  The department shall establish schedules for repayment of the principal and interest on any financial assistance made under the provisions of sections 340.381 to 340.396.  Interest at a rate set by the department, with the advice of the advisory panel created in section 340.375, shall be charged from the time of the payment of financial assistance on all financial assistance made under the provisions of sections 340.381 to 340.396, but the interest and principal of the total financial assistance granted to a qualified applicant at the time of the successful completion of a doctor of veterinary medicine degree program shall be forgiven through qualified employment.

  3.  For each year of qualified employment that an individual contracts to serve in an area of defined need, the department shall forgive up to thirty thousand dollars and accrued interest thereon on behalf of the individual for financial assistance provided under sections 340.381 to 340.396.


(L. 2007 S.B. 320, A.L. 2008 S.B. 931, A.L. 2023 H.B. 202 merged with H.B. 417 merged with S.B. 138)

---- end of effective  28 Aug 2023 ----

use this link to bookmark section  340.387

 - All versions
Effective End
340.387 8/28/2023
340.387 8/28/2008 8/28/2023
340.387 8/28/2007 8/28/2008

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
Missouri Senate
State of Missouri
Missouri House