051-23 Wyo. Code R. §§ 23-5 - Veterinary Loan Repayment Grant-Generally

(a) The Board may provide a Loan Repayment Grant to pay up to one hundred percent (100%) of a Grantee's Educational Expenses in exchange for the Grantee performing Food Animal Veterinary Services for a minimum of three (3) years in an Approved Area. No credit shall be provided for any years in which the Grantee performed Food Animal Veterinary Services in an Approved Area prior to being selected as a Grantee and executing a Contract Agreement with the Board.

(b) In no event shall the Board provide a Loan Repayment Grant to a Grantee in excess of thirty thousand dollars ($30,000.00) per year including twenty five percent (25%) matching funds.

(c) No state monies shall be expended for a Loan Repayment Grant unless twenty five percent (25%) of the Loan Repayment Grant is matched by money from a Sponsor.

(d) The Board shall only disburse Loan Repayment Grant monies directly to the Grantee. The Grantee shall then use the entire Loan Repayment Grant to repay his Educational Expenses. If the Grantee fails to use any portion of the Loan Repayment Grant to repay his Educational Expenses, or the Grantee uses any portion of the Loan Repayment Grant for other purposes, then the Contract Agreement may be terminated by the Board and the Grantee shall repay to the Board the entire amount of the disbursed Loan Repayment Grant. The Grantee shall also pay and reimburse all costs and expenses incurred in the collection of the disbursed Loan Repayment Grant monies, including attorneys' fees.

(e) The Contract Agreement shall specify how the Loan Repayment Grant will be disbursed to the Grantee throughout each year.

(f) The Board shall not begin disbursing any portion of the Loan Repayment Grant until six (6) months after the Grantee, the Board, and the Sponsor have entered into a Contract Agreement, the twenty five percent (25%) cash match has been deposited with the Board, and the Grantee has performed Food Animal Veterinary Services for at least six (6) months in an Approved Area designated by the Board.

Notes

051-23 Wyo. Code R. §§ 23-5

Amended, Eff. 5/12/2015.