Veterinarian Services Investment Act - Amends the National Agricultural Research, Extension, and Teaching Policy Act of 1977 to direct the Secretary of Agriculture (USDA) to carry out a matching grant program with qualified entities to develop, implement, and sustain veterinary services.
Requires a qualifying entity to carry out programs that: (1) relieve veterinarian shortage situations; (2) support private veterinary practices engaged in public health activities; or (3) support practices of veterinarians who are participating in or have successfully completed a specified service requirement.
Sets forth grant preference provisions.
Makes such grants available for: (1) assistance for establishing or expanding veterinary practices or establishing mobile veterinary facilities; (2) veterinarian, technician, and student recruitment; (3) grants to attend training programs in food safety or food animal medicine; (4) grants to establish or expand accredited education, internship, residency, and fellowship programs; (5) grants to assess veterinarian shortage situations; and (6) grants for continuing education and extension, including tele-veterinary medicine and other distance-based education.
Prohibits the use of grant funds for construction.
Subjects grants for establishing or expanding veterinary practices to: (1) an agreement between the Secretary and the recipient that includes a required term of service; and (2) remedies for breach of agreement, including repayment or partial repayment of grant funds.
Defines "qualified entity" as a: (1) for-profit or nonprofit entity in the United States that operates a rural veterinary clinic in response to a veterinarian shortage situation; (2) state, national, allied, or regional veterinary organization or specialty board recognized by the American Veterinary Medical Association; (3) college or school of veterinary medicine accredited by the American Veterinary Medical Association; (4) university research foundation or veterinary medical foundation; (5) department of veterinary science or department of comparative medicine accredited by the Department of Education; (6) state agricultural experiment station; or (7) state, local, or tribal government agency.
Authorizes appropriations beginning with FY2012.