Montana legislation · 2025 Regular Session
Montana HB860: Provide for veterinary training loan program
Status: Chaptered, June 16, 2025
What the bill says
An act providing for a veterinary training loan program; providing that the loan program provides loans to veterinary students who commit to practicing in underserved areas in montana; providing program requirements, including a preference for applicants who are montana residents; providing for repayment of the loan if the participant does not fulfill the program requirements; providing that a forgiven loan is not considered income for income tax purposes; providing an appropriation; providing definitions; establishing reporting requirements; amending section 15-30-2120, mca…
From the engrossed text:
AN ACT PROVIDING FOR A VETERINARY TRAINING LOAN PROGRAM; PROVIDING THAT THE LOAN PROGRAM PROVIDES LOANS TO VETERINARY STUDENTS WHO COMMIT TO PRACTICING IN UNDERSERVED AREAS IN MONTANA; PROVIDING PROGRAM REQUIREMENTS, INCLUDING A PREFERENCE FOR APPLICANTS WHO ARE MONTANA RESIDENTS; PROVIDING FOR REPAYMENT OF THE LOAN IF THE PARTICIPANT DOES NOT FULFILL THE PROGRAM REQUIREMENTS; PROVIDING THAT A FORGIVEN LOAN IS NOT CONSIDERED INCOME FOR INCOME TAX PURPOSES; PROVIDING AN APPROPRIATION; PROVIDING DEFINITIONS; ESTABLISHING REPORTING REQUIREMENTS; AMENDING SECTION 15-30-2120, MCA; AND PROVIDING AN EFFECTIVE DATE AND A TERMINATION DATE. Section 1. Short title. [Sections 1 through 10] may be cited as the "Rural Montana Veterinary Workforce Act". Section 2. Purpose. The purpose of [sections 1 through 10] is to establish a veterinary training program for underserved areas in rural Montana. The program provides incentives for students pursuing a doctor of veterinary medicine program to locate their veterinary practice in rural Montana communities and to meet the needs of those owning animals in underserved areas. Section 3. Definitions. As used in [sections 1 through 10], unless the context clearly indicates otherwise, the following definitions apply: (1) "Accredited college of veterinary medicine" means a veterinary medicine program at an institution of higher education accredited by the American veterinary medical association council on education. - 1 - Authorized Print Version - HB 860 …