19 Tex. Admin. Code § 23.3 - Method of Disbursement
The following requirements regarding method of disbursement shall apply to all education loan repayment programs administered in this chapter, unless the subchapter clearly indicates otherwise.
(1) The annual repayment(s) shall be in one
or multiple disbursements made payable to the servicer(s) or holder(s) of the
loan upon the eligible applicant's completion of each service period of
qualifying employment.
(2) The
Coordinating Board shall follow Internal Revenue Service requirements for
reporting of loan repayment assistance to eligible applicants during each
calendar year.
Notes
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