KY HB922

Establishes the physician recruitment and retention program through the Kentucky Higher Education Assistance Authority to encourage public medical school graduates who are Kentucky residents to practice medicine in the state after graduation.

Awards cover loan interest for the first 5 years after medical school completion, then 20% of loan principal and interest for each of the subsequent 5 years, with maximum awards not exceeding total cost of attendance minus other financial aid received.

Recipients must commit to 10 years of qualified medical service, defined as full-time employment (40+ hours per week) as a physician at a nonprofit medical institution in Kentucky.

Failure to complete the service requirement triggers immediate repayment of all outstanding promissory notes plus accrued interest, and may result in revocation of the recipient's medical license at the Kentucky Board of Medical Licensure's discretion.

Requires annual reporting by December 1 to the Legislative Research Commission on awards provided, recipient retention rates, employment locations, total applications, and recruitment strategies.