Sec. 61.9957. PAYMENT OF LOAN REPAYMENT 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 state 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 2019, 86th Leg., R.S., Ch. 567 (S.B. 16), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Subtitle B - State Coordination of Higher Education
Chapter 61 - Texas Higher Education Coordinating Board
Subchapter NN. Peace Officer Loan Repayment Assistance Program
Section 61.9952. Loan Repayment Assistance Authorized; Purpose
Section 61.9953. Initial Eligibility
Section 61.9954. Continuing Eligibility
Section 61.9956. Eligible Loans
Section 61.9957. Payment of Loan Repayment Assistance