3. To be eligible to participate in the program, an applicant shall:
a. be a resident of New Jersey;
b. be a State-licensed physician who has successfully completed all educational and residency training requirements for the practice of psychiatry;
c. apply for the program within one year of completing an accredited residency training program in psychiatry, or within one year of completing an accredited fellowship in child and adolescent psychiatry; and
d. agree to practice full-time as a psychiatrist in a State underserved area or in a State psychiatric hospital for a period of one to four years in return for the tuition reimbursement provided under the program.