AN ACT TO CREATE THE SKILLED NURSING HOME AND HOSPITAL NURSES RETENTION LOAN REPAYMENT PROGRAM FOR NEW NURSING GRADUATES TO BE ADMINISTERED BY THE MISSISSIPPI POSTSECONDARY EDUCATION FINANCIAL ASSISTANCE BOARD; TO PROVIDE FOR THE ELIGIBILITY REQUIREMENTS; TO SET A MAXIMUM AMOUNT OF LOAN REPAYMENT; TO ESTABLISH THE PROCEDURES FOR THE LOAN PROCESS; TO REQUIRE THE MISSISSIPPI POSTSECONDARY EDUCATION FINANCIAL ASSISTANCE BOARD TO PROMULGATE REGULATIONS NECESSARY FOR THE PROPER ADMINISTRATION OF THE ACT, INCLUDING SETTING A FISCAL YEAR POLICY FOR THE PROGRAM AND APPLICATION DATES AND DEADLINES; TO AMEND SECTION 1, CHAPTER 47, LAWS OF 2022, WHICH IS THE APPROPRIATION TO THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, TO REPLACE THE NURSING AND RESPIRATORY THERAPIST INCENTIVE PROGRAM WITH THE SKILLED NURSING HOME AND HOSPITAL NURSES RETENTION LOAN REPAYMENT PROGRAM; TO AMEND SECTION 2, CHAPTER 47, LAWS OF 2022, WHICH IS THE APPROPRIATION TO THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, TO REPLACE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING WITH THE MISSISSIPPI POSTSECONDARY EDUCATION FINANCIAL ASSISTANCE BOARD FOR PURPOSES OF DISBURSING FUNDS ALLOCATED FOR THE REPAYMENT PROGRAM; TO REPEAL SECTIONS 37-106-59 AND 37-106-60, MISSISSIPPI CODE OF 1972, WHICH ESTABLISH A FORGIVABLE LOAN PROGRAM FOR BACCALAUREATE AND GRADUATE STUDIES IN NURSING; AND FOR RELATED PURPOSES.