California Business and Professions Code

§ 1975

BPC § 1975 Effective Sep 24, 2016Div. 2 · Ch. 4 · Art. 9.5

Statute text

The terms of loan repayment granted under this article shall be as follows:

(a)After a program participant has been selected by the board to provide services as a dentist in the program, the board shall provide thirty-five thousand dollars ($35,000) for loan repayment annually, for three years, to reach a total of one hundred five thousand dollars ($105,000), or the total amount of the loan, whichever is the lesser amount.

(b)The initial disbursement of funds shall be made within 30 days from execution of a program agreement between the board and the recipient directly from the board to the qualified lender selected by the recipient, to be credited to the recipient’s account.

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Legislative history

Repealed and added by Stats. 2016, Ch. 575, Sec. 9. (AB 2485) Effective September 24, 2016.