Sec. 61.9825. REPAYMENT. (a) The board shall deliver any repayment under this subchapter in a lump sum:
(1) payable to both the lender or other holder of the loan and the nurse; or
(2) directly to the lender or other holder of the loan on the nurse's behalf.
(b) A repayment under this subchapter may be applied to any amount due in connection with the loan.
Added by Acts 2013, 83rd Leg., R.S., Ch. 983 (H.B. 2099), Sec. 3, eff. September 1, 2013.
Redesignated from Education Code, Subchapter II, Chapter 61 by Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 21.001(15), eff. September 1, 2015.
Structure Texas Statutes
Subtitle B - State Coordination of Higher Education
Chapter 61 - Texas Higher Education Coordinating Board
Subchapter JJ. Nursing Faculty Loan Repayment Assistance Program
Section 61.9821. Repayment Authorized
Section 61.9824. Eligible Loans
Section 61.9826. Reallocation of Money