Sec. 61.9833. AWARD. (a) Except as provided by Section 61.9834, the board shall determine the annual amount of loan assistance payments provided under this subchapter in any year to an eligible person, taking into consideration the amount of available funding and other relevant considerations.
(b) The board shall reduce the amount of a single assistance payment or refrain from making a loan assistance payment to an eligible person as necessary to avoid making total payments under this subchapter to the person in an amount greater than the total amount of principal and interest due on the person's eligible loans.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1229 (S.B. 1720), Sec. 1, eff. June 14, 2013.
Redesignated from Education Code, Subchapter II, Chapter 61 by Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 21.001(16), eff. September 1, 2015.
Structure Texas Statutes
Subtitle B - State Coordination of Higher Education
Chapter 61 - Texas Higher Education Coordinating Board
Subchapter KK. Math and Science Scholars Loan Repayment Program
Section 61.9831. Loan Repayment Assistance Authorized
Section 61.9832. Eligibility; Agreement Requirements
Section 61.9834. Exception to Consecutive Years of Employment Requirement
Section 61.9835. Eligible Loans
Section 61.9836. Payment of Assistance
Section 61.9837. Mathematics and Science Teacher Investment Fund
Section 61.9838. Amount of Loan Repayment Assistance