Sec. 487.160. FUND. (a) The health careers education fund is established in the state treasury.
(b) The department shall administer the fund.
(c) The fund consists of 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.
(d) The department shall deposit any principal and interest payments on forgivable loans to the credit of the fund.
(e) The department shall allocate the fund, as available, for forgivable loans and community repayment under this subchapter.
(f) Unless otherwise provided by the General Appropriations Act, the department may use money appropriated to the department to support 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. 41, eff. September 1, 2009.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 487 - Office of Rural Affairs in Department of Agriculture
Subchapter E. Health Careers Promotion and Education Program
Section 487.152. Administration
Section 487.153. Health Careers Promotion
Section 487.155. Student Eligibility
Section 487.156. Community Eligibility
Section 487.157. Amount of Loan
Section 487.158. Required Contract
Section 487.159. Loan Forgiveness
Section 487.161. Reporting; Monitoring