(110 ILCS 980/0.01) (from Ch. 144, par. 2700)
Sec. 0.01.
Short title.
This Act may be cited as the
Private Medical Scholarship Agreement Act.
(Source: P.A. 86-1324.)
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(110 ILCS 980/1) (from Ch. 144, par. 2701)
Sec. 1.
It is the public policy of the State of Illinois to encourage
private action to develop the professional medical services offered to
people of Illinois residing in rural areas by establishing private
organizations, foundations, groups, partnerships, corporations or
committees organized to provide assistance through grants or loans to
medical students or applicants for admission to medical school and to work
with educational institutions to further such goal in any manner including,
but not limited to, the recommendation of any applicant for admission.
(Source: P.A. 86-999.)
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(110 ILCS 980/2) (from Ch. 144, par. 2702)
Sec. 2.
It shall be lawful for any such organization referred to in
Section 1 hereof to condition any loan, grant of assistance or
recommendation to any educational institution
upon such recipient's executing an agreement to commit not more than 5
years of his or her professional career to the goals specifically outlined
within such agreement including a requirement that recipient practice
medicine in specifically designated practice and geographic areas.
(Source: P.A. 86-999 .)
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(110 ILCS 980/3) (from Ch. 144, par. 2703)
Sec. 3.
Any such agreement executed by such an organization and any
recipient of loan, grant assistance or recommendation may contain a provision for
liquidated damages to be paid for any breach of any provision of the
agreement, or any commitment contained therein, together with attorney's fees and costs
for the enforcement thereof. Any such covenant shall be valid and
enforceable in the courts of this State as liquidated damages and shall not
be considered a penalty, provided that such provision for liquidated damages does not
exceed $2,500 for each year
remaining for the performance of such agreement.
This Section shall not be construed as pertaining to or limiting any
liquidated damages resulting from scholarships awarded under the Underserved Health Care Provider Workforce Act.
(Source: P.A. 101-118, eff. 7-22-19; 102-888, eff. 5-17-22.)
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