Sec. 61.9836. PAYMENT OF ASSISTANCE. (a) The board shall pay any loan repayment assistance under this subchapter in a lump sum delivered on the eligible person's behalf directly to the holder of the loan.
(b) Loan repayment assistance provided under this subchapter may be applied to any amount due on the loan.
(c) Each fiscal biennium, the board shall attempt to allocate all money available to the board for the purpose of providing loan repayment assistance under this subchapter.
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