19 Tex. Admin. Code § 23.190

Current through Reg. 49, No. 45; November 8, 2024
Section 23.190 - Amount of Repayment Assistance
(a) The Commissioner shall determine the maximum annual loan repayment assistance amount offered under this subchapter to nursing faculty members working full-time, as defined in § 23.187 of this subchapter (relating to Definitions). In any given year, the maximum amount of assistance is a function of the total amount of available funding and the number of eligible applicants.
(b) In any given year, a participant in the program may not receive assistance greater than 20 percent of the participant's loan balance as was demonstrated when the participant was first approved for assistance under this subchapter.
(c) The amount of loan repayment assistance calculated for an individual participant based on subsections (a) and (b) of this section shall be pro-rated for a nursing faculty member working part-time. The pro-ration shall be based on the proportion of hours worked by the nursing faculty member in comparison to the hours worked by nursing faculty members working full-time.

19 Tex. Admin. Code § 23.190

The provisions of this §23.190 adopted to be effective November 20, 2013, 38 TexReg 8199; transferred from 21.634 Texas Register, Volume 41, Number 48, November 25, 2016, TexReg 9341, eff. 12/15/2016; Adopted by Texas Register, Volume 49, Number 32, August 9, 2024, TexReg 5989, eff. 8/15/2024