Sec. 487.106. ELIGIBILITY FOR LOANS; RURAL COMMUNITY FINANCIAL SUPPORT. (a) For an outstanding rural scholar to be eligible for a forgivable loan, community sponsorship must include financial support.
(b) Community financial support consists of a commitment to fund 50 percent of the costs of a scholar's tuition, fees, educational materials, and living expenses.
(c) The financial support under this section may be satisfied wholly or partly by a grant, a scholarship, or private foundation support.
(d) Evidence of the financial support must be submitted with a community's nomination.
Added by Acts 2001, 77th Leg., ch. 1424, Sec. 1, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 487 - Office of Rural Affairs in Department of Agriculture
Subchapter D. Outstanding Rural Scholar Recognition and Loan Program for Rural Health Care
Section 487.102. Administration
Section 487.103. Selection Committee
Section 487.104. Selection of Outstanding Rural Scholars
Section 487.105. Eligibility for Outstanding Rural Scholar Competition
Section 487.106. Eligibility for Loans; Rural Community Financial Support
Section 487.107. Awarding of Loans
Section 487.108. Amount of Loan
Section 487.109. Loan Forgiveness
Section 487.111. Postsecondary Educational Institutions; Monitoring