Arkansas Code
Subchapter 14 - Nursing Student Loan Program
§ 6-81-1403. Arkansas State Board of Nursing — Powers and duties

(a) The Arkansas State Board of Nursing shall:
(1) Prescribe forms to be used in the Nursing Student Loan Program;
(2) Regulate the submission of applications for loans;
(3) Determine eligibility of applicants;
(4) Allow or disallow applications for financial assistance;
(5) Contract for, increase, decrease, terminate, and otherwise regulate all loans made under this subchapter and the repayment of these loans;
(6) Forgive loans and portions of loans as provided for; and
(7) Manage, operate, and control all funds and property appropriated or otherwise contributed for purposes of funding this program.

(b) The board may:
(1) Accept gifts, grants, bequests, devises, donations, and any federal funds available for the program, to be used together with funds appropriated for the program for making loans under this subchapter; and
(2) Hire a qualified person or entity to administer any aspect of the program.

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