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Texas Education Code - EDUC § 61.5391. Physician Education Loan Repayment Program Account

Current as of January 01, 2024 | Updated by Findlaw Staff

(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).

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Cite this article: FindLaw.com - Texas Education Code - EDUC § 61.5391. Physician Education Loan Repayment Program Account - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-61-5391/

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