SECTION 42.23. Conditions of Loan Repayment Assistance or Payment of Tuition and Fees

(a) To receive loan repayment assistance or payment of tuition and fees, a participant must execute an agreement in accordance with Texas Education Code, Subchapter G, §56.106 that includes the following terms:

(1) the participant agrees to provide veterinary medical services in a rural county for one calendar year for each academic year for which the recipient receives financial support under the program; and

(2) the participant signs a promissory note acknowledging the conditional nature of the financial support received under the program and promises to repay the amount of the financial support, any applicable interest, and reasonable collection costs if the recipient does not satisfy the conditions of the agreement.

(b) The participant must comply with applicable federal law, state law, program requirements, and agreement requirements, including but not limited to the following:

(1) provide full-time veterinary medical service in the qualifying county or counties for the duration of the obligated service period;

(2) cooperate with the commission and the committee if information relevant to the program is requested;

(3) provide a 30-day written notice to the commission, committee, board, and promissory note holder of any change in address, lender, or other relevant contact information during the agreement term;

(4) submit periodic statements to the commission certifying compliance with program and contractual requirements, in accordance with reporting timelines provided in the agreement; and

(5) the committee retains discretion to grant forbearance for good cause.

(c) All obligations under the program are satisfied when any of the following conditions are met:

(1) All terms of the agreement are met;

(2) the participant who entered into the agreement, due to death or qualifying disability, is unable to meet the requirements of the program; or

(3) the participant who entered into the agreement has no remaining eligible education loan balance to repay.

Source Note: The provisions of this §42.23 adopted to be effective May 24, 2023, 48 TexReg 2567