Any amount the authority is entitled to recover must be paid within one year of the date the authority determines that the loan recipient is in breach of the written contract.

7.__Deferments.__Deferments may be granted for causes established by rule of the authority.__Interest at a rate to be determined by rule of the authority must be assessed during the deferment.__The student's total debt to the authority, including principal and interest, must be repaid either through return service or cash payments.__The chief executive officer shall make determinations of deferment on a case-by-case basis.__The decision of the chief executive officer is final.

§12303.__Nonlapsing fund

1.__Fund created.__A nonlapsing, interest-earning, revolving fund under the jurisdiction of the authority is created to carry out the purposes of this chapter.__Any unexpended balance in the fund carries over for continued use under this chapter.__The authority may receive, invest and expend, on behalf of the fund, money from gifts, grants, bequests and donations in addition to money appropriated or allocated by the State.__Loan repayments under this chapter or other repayments to the authority must be invested by the authority, as provided by law, with the earned income to be added to the fund.__Money received by the authority on behalf of the fund, except interest income, must be used for the designated purpose; interest income may be used for the designated purpose or to pay student financial assistance administrative costs incurred by the authority for the operation of the program.

2.__Allocation of repayments.__The authority may reallocate a portion of the annual loan repayments for the purpose of recruiting dentists for underserved areas.__That portion may be used:

A.__To generate additional matching funds for recruitment of dentists for underserved areas;

B.__In accordance with criteria established by the authority, to encourage dentists to practice in underserved areas; or

C.__To repay education loans for the dental education of licensed dentists to enable the dentists to practice in underserved areas.