As used in this part:

1. (1)

   1. (A) “Accreditation” means the official decision made by a review committee based on its review and assessment of a sponsoring institution’s or program’s compliance with the applicable requirements of the Accreditation Council for Graduate Medical Education.

   2. (B) The review committee is composed of volunteers that:

      1. (i) Sets accreditation standards;
      2. (ii) Provides peer evaluation of sponsoring institutions or programs to assess the degree to which these comply with the applicable published accreditation requirements; and
      3. (iii) Confirms an accreditation status on each sponsoring institution or program regarding substantial compliance with those requirements.

   3. (C) There are three (3) types of review committee:

      1. (i) Specialty Review Committee;
      2. (ii) Transitional Year Review Committee; and
      3. (iii) Institutional Review Committee;
2. (2) “Entity” means an Arkansas hospital or medical facility that seeks to provide medical residency opportunities;

3. (3)

   1. (A) “Fellow” means an individual enrolled in an Accreditation Council for Graduate Medical Education-accredited fellowship (subspecialty or sub-subspecialty) program who has completed a residency program in a related specialty and/or a fellowship program in a related subspecialty.
   2. (B) “Fellow” may also refer to other learners by individual institutions or programs;

4. (4)

   1. (A) “Fellowship” means a program that provides advanced education and training in progressive levels of subspecialization following completion of education and training in a primary specialty and, if applicable, a related subspecialty.
   2. (B) It is a structured educational activity comprising a series of clinical and/or other learning experiences designed to prepare physicians to enter the unsupervised practice of medicine in a subspecialty or sub-subspecialty;

5. (5)

   1. (A) “First-year residency position” means a position during the first year of residency occurring after medical school graduation.
   2. (B) This includes students who take a year or more off between medical school graduation and beginning their first year of residency;
6. (6) “Fiscal year” means the fiscal year of the state for the conduct of its financial affairs commencing on July 1 and ending on June 30 of the following year;

7. (7)

   1. (A) “Graduate medical education program” means the period of education in a particular specialty (residency) or subspecialty (fellowship) following medical school.
   2. (B) The Accreditation Council for Graduate Medical Education oversees the accreditation of residency and fellowship programs in the United States;
8. (8) “Institution of higher education” means a medical school institution in Arkansas, not exclusive of private institutions, that has received certification from the Arkansas Higher Education Coordinating Board under Arkansas Code § 6-61-301 et seq., to offer studies leading to a Doctor of Medicine degree or Doctor of Osteopathic Medicine degree;
9. (9) “Planning grant” means a grant awarded by the Graduate Medical Education Residency Expansion Board to eligible entities and individuals under this part;

10. (10) “Primary care” means the following:

    1. (A) Internal medicine;
    2. (B) Pediatrics;
    3. (C) Family medicine;
    4. (D) Obstetrics and gynecology; and
    5. (E) General surgery;
11. (11) “Resident” means an individual enrolled in an Accreditation Council for Graduate Medical Education-accredited residency program;

12. (12)

    1. (A) “Residency program" means a structured educational activity comprising a series of clinical and/or other learning experiences in graduate medical education designed to prepare physicians to enter the unsupervised practice of medicine in a primary specialty.

    2. (B) There are two (2) types of residency programs:

       1. (i) Residency programs available for physician admission immediately upon graduation from a medical school or a college of osteopathic medicine as described in the Accreditation Council for Graduate Medical Education Institutional Requirements; and
       2. (ii) Residency programs available for physician admission after completion of prerequisite clinical education and training as described in the relevant specialty-specific program requirements; and
13. (13) “Sponsoring institution” means the organization or entity that assumes the ultimate financial and academic responsibility for a program of graduate medical education consistent with the Accreditation Council for Graduate Medical Education Institutional Requirements.