- (a) The final principal payment on a loan shall be made not later than the 40th anniversary of the date of the loan.
- (b) The board shall determine the maximum principal amount of loans to the same eligible person that may be outstanding at any time.
- (c) Payments on the loan must be made at times determined by the board.
Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.