Establishing the teacher loan forgiveness program to assist communities with recruiting and retaining teachers; creating the teacher loan forgiveness program account, providing an annual appropriation from the account to the commissioner of children, families and learning to repay loans of students enrolled in teacher education programs designed for teaching in a teacher shortage field as determined by the state board of teaching; requiring the commissioner to adopt implementation rules and to select the school districts qualifying for loan repayment, duties; specifying school district qualification and student eligibility requirements; providing for loan forgiveness; imposing a penalty for failure to fulfill the length of service requirement (je)