43-29.1-07. Loan repayment

43-29.1-07. Loan repayment 1. a. Upon completing six months of the first year of service, as required by the contract, the veterinarian is eligible to receive a loan payment in an amount up to fifteen thousand dollars. b. Upon completing a second year of service, as required by the contract, the veterinarian is eligible to receive a loan payment in an amount up to fifteen thousand dollars. c. Upon completing a third year of service, as required by the contract, the veterinarian is eligible to receive a loan payment in an amount up to twenty-five thousand dollars. d. Upon completing a fourth year of service, as required by the contract, the veterinarian is eligible to receive a loan payment in an amount up to twenty-five thousand dollars. 2. All payments under this section must be made on the veterinarian's behalf to the issuer of the student loan. 3. A veterinarian is not entitled to receive more than eighty thousand dollars under this section. 4. If an individual fails to complete an entire year of service, the amount repayable under this section for that year must be prorated. 5. If any moneys remain in the state veterinary loan repayment account after the department of health and human services has met all statutory and contractual obligations established under this chapter, the department of health and human services may use the moneys to increase the number of veterinarians participating in the loan repayment program.