(1) The Oregon Student Assistance Commission is authorized to make loans to all qualified applicants, from the fund created in ORS 348.390 (1), to assist in financing the cost of a program of study leading to the degree of Doctor of Medicine or to the degree of Doctor of Osteopathic Medicine.
(2) The Oregon Student Assistance Commission shall:
(a) Develop criteria for the preparation of applications and procedures for the submission, evaluation, priority selection and award of loans provided for in ORS 348.310 to 348.390;
(b) Determine the number and amount of loans and loan renewals; and
(c) Adopt such rules as may be necessary to implement ORS 348.310 to 348.390. [1979 c.532 §2]
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