The bill amends Section 34-21-98 of the Code of Alabama 1975, specifically correcting a reference from "nurse educator" to "advanced practice nurse" in relation to the Alabama Loan Repayment Program for Advanced Practice Nursing. This change is intended to clarify the eligibility criteria for participants in the loan repayment program. The bill also maintains the existing provisions regarding the consequences of defaulting on loan repayment contracts, including the requirement for immediate repayment of the total principal amount plus interest, and the imposition of a 20 percent penalty for defaults occurring after graduation.

Additionally, the bill outlines that failure to honor the loan repayment contract may lead to the revocation of the participant's nursing license. It also provides for the possibility of excusing repayment in cases of death, disability, or extreme hardship not caused by the participant. The act is set to take effect immediately upon passage.