1. (a) An applicant may be eligible for the award of a scholarship when the following conditions are met:
2. (1) That he desires a scholarship to any accredited school of medicine or school of osteopathic medicine in the United States of America;
3. (2) That he is a bona fide resident of Oklahoma;
4. (3) That his personal financial resources are such that, in the absence of scholarship aid, he will be unable to pursue the program of study which he desires;
5. (4) That he is a person of good moral character;
6. (5) That he has successfully completed the program of instruction prerequisite for admission to the program of study provided for in this act and has applied for admission to a medical school;
7. (6) That he has capacity to profit by the course of study for which he seeks aid;
8. (7) That he desires to practice medicine in a rural community in Oklahoma; and

9. (8) That he submits proof that he has not accepted or will not accept any other scholarship assistance which has a conflicting service obligation requirement.

   In determining an applicant's capacity to profit by the course of study he desires, the Commission shall consider his previous scholastic record, the results of examinations conducted under the provisions of this act, and the results of interviews and such other tests or examinations which the Commission may deem advisable. In establishing an applicant's financial need, the Commission shall conduct a thorough and complete investigation of the financial resources of the applicant and his family.

10. (b) The amount of each scholarship grant shall not exceed Six Thousand Dollars ($6,000.00) per academic year for students engaged in their first year of study, or equivalent number of terms completed in an education program in a given period of months. The amount of each scholarship grant shall not exceed Twelve Thousand Dollars ($12,000.00) per academic year for students engaged in their second, third or fourth year of study, or equivalent number of terms completed in an education program in a given period of months.
11. (c) The method of payment of funds to each recipient of a scholarship grant shall be in accordance with rules formulated by the Commission governing the grants for each type of scholarship.
12. (d) Each scholarship is renewable annually for the number of years required to complete the course of study in which the recipient is engaged. The Commission shall grant such an annual renewal only upon the recipient's application and upon the Commission's finding that:
13. (1) The recipient has completed successfully the work of the preceding year and presented evidence that he is a student in good standing;
14. (2) He remains a resident of Oklahoma; and
15. (3) His financial situation continues to warrant the award of a scholarship under the standards set forth in this act.
16. (e) The Commission shall make an annual report to the Governor and Legislature on the activities of the Commission. This report shall include the names of the recipients of the scholarships, the amount of the scholarship awards, an accounting of the funds expended on scholarships and on the administration of the program and a budget requesting the funds necessary for the operation of the Commission. The report shall also include an accounting of repayments of scholarships, whether by services or in cash including interest.

Laws 1970, c. 82, § 5, emerg. eff. March 26, 1970; Laws 1972, c. 13, § 2, emerg. eff. Feb. 7, 1972; Laws 1975, c. 258, § 5, emerg. eff. June 4, 1975; Laws 1976, c. 212, § 17, emerg. eff. June 7, 1976; Laws 1977, c. 220, § 2, emerg. eff. June 14, 1977; Laws 1981, c. 212, § 11, emerg. eff. June 1, 1981; Laws 1991, c. 270, § 27, eff. July 1, 1991.