Establishing a teacher loan forgiveness program to assist public schools in recruiting and retaining excellent teachers in science, math, industrial technology and special education and in rural areas; establishing a loan forgiveness program account and appropriating money in the account to the commissioner of children, families and learning to be used to repay the loans of qualified licensed teachers agreeing to teach in certain high need areas; specifying participant eligibility requirements and loan forgiveness conditions; imposing a penalty for failure to fulfill the length of teaching service requirement(mk)