Sec. 61.538. AMOUNT OF REPAYMENT ASSISTANCE. (a) A physician may receive repayment assistance under this subchapter in the amount determined by board rule, not to exceed the following amounts for each year for which the physician establishes eligibility for the assistance:
(1) for the first year, $30,000;
(2) for the second year, $40,000;
(3) for the third year, $50,000; and
(4) for the fourth year, $60,000.
(b) The total amount of repayment assistance distributed by the board may not exceed the total amount of money available in the physician education loan repayment program account.
(c) The total amount of repayment assistance made under this subchapter to an individual physician may not exceed $180,000.
Added by Acts 1993, 73rd Leg., ch. 585, Sec. 3, eff. June 13, 1993.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 285 (H.B. 2154), Sec. 6, eff. September 1, 2009.
Acts 2019, 86th Leg., R.S., Ch. 1114 (H.B. 2261), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Subtitle B - State Coordination of Higher Education
Chapter 61 - Texas Higher Education Coordinating Board
Subchapter J. Repayment of Certain Physician Education Loans
Section 61.531. Repayment Authorized
Section 61.534. Eligible Loans
Section 61.536. Advisory Committees
Section 61.5361. Acceptance of Funds
Section 61.538. Amount of Repayment Assistance
Section 61.5391. Physician Education Loan Repayment Program Account
Section 61.5392. Federal Matching Funds
Section 61.540. Loan Repayment Assistance Under Former Law; Saving Provision