Sec. 487.110. FUND. (a) The outstanding rural scholar fund is in the state treasury.
(b) The fund consists of legislative appropriations, gifts, grants, donations, the market value of in-kind contributions, and principal and interest payments on forgivable loans deposited to the credit of the fund by the department.
(c) The department shall administer the fund.
(d) The department shall allocate the fund, as available, for forgivable loans under this subchapter.
(e) The department shall deposit any principal and interest payments on forgivable loans to the credit of the fund.
Added by Acts 2001, 77th Leg., ch. 1424, Sec. 1, eff. Sept. 1, 2001.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 112 (H.B. 1918), Sec. 35, eff. September 1, 2009.
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