Sec. 61.5391. PHYSICIAN EDUCATION LOAN REPAYMENT PROGRAM ACCOUNT. (a) The physician education loan repayment program account is an account in the general revenue fund. The account is composed of:
(1) gifts and grants contributed to the account;
(2) earnings on the principal of the account; and
(3) other amounts deposited to the credit of the account, including:
(A) money deposited under Section 61.5392;
(B) legislative appropriations; and
(C) money deposited under Section 155.2415, Tax Code.
(b) Money in the account may not be appropriated for any purpose except:
(1) to provide loan repayment assistance to eligible physicians under this subchapter; or
(2) to provide loan repayment assistance under Subchapter JJ if reallocated under Section 61.9826.
(c) Money deposited to the credit of the account under Section 61.5392 may be used only to provide loan repayment assistance to physicians who establish eligibility for the assistance under Section 61.532(a)(4)(A) or (b).
Added by Acts 2009, 81st Leg., R.S., Ch. 285 (H.B. 2154), Sec. 8, eff. September 1, 2009.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 983 (H.B. 2099), Sec. 4, eff. September 1, 2013.
Acts 2013, 83rd Leg., R.S., Ch. 1015 (H.B. 2550), Sec. 5, eff. September 1, 2013.
Acts 2015, 84th Leg., R.S., Ch. 448 (H.B. 7), Sec. 10, eff. September 1, 2015.
Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 21.002(4), eff. September 1, 2015.
Acts 2015, 84th Leg., R.S., Ch. 1245 (H.B. 2396), Sec. 1, eff. June 20, 2015.
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