No person shall be awarded a scholarship under subdivision (a) or (b) of Section 127980 unless:
(a) He or she is a resident of California.
(b) He or she is licensed as a registered nurse by this state.
(c) He or she has complied with all the regulations adopted pursuant to this article.
(d) He or she has agreed that he or she will continue his or her education to completion of the bachelor’s degree or a program supplemental to a bachelor’s degree required for admission to master level studies in nursing, and that after completion of the requirements of subdivision (a) or (b) of Section 127980 and within a period of time to be determined by the office, will enroll in an accredited master’s degree program in teaching or supervision in a clinical nursing area.
(e) He or she agrees that immediately upon completion of his or her graduate study, either master’s degree or post-master’s program, he or she will assume an employment obligation in California in teaching or supervision in a clinical nursing area, for not less than one year.