The proposed bill establishes the Behavioral Health Loan Forgiveness Program in Arkansas, aimed at addressing the shortage of mental health professionals in behaviorally underserved communities. The program will be administered by the Department of Human Services and will provide financial assistance to participants in the form of loan repayments for their educational debts incurred while training to become mental health professionals or licensed alcoholism and substance abuse counselors. The bill outlines the definitions of key terms, eligibility criteria for participants, and the responsibilities of the Secretary of the Department of Human Services in determining underserved areas, managing applications, and disbursing funds.

Additionally, the bill creates the Arkansas Behavioral Health Professional Student Loan Repayment Fund, which will be financed through grants, donations, and other authorized funds. The Secretary will oversee the fund's administration and ensure that it is used to support the Behavioral Health Loan Forgiveness Program. Participants must commit to a minimum three-year service obligation in designated underserved areas to qualify for loan repayment disbursements. The bill also includes provisions for penalties if participants fail to fulfill their service commitments, allowing for potential waivers under certain circumstances.