- (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.
Source Note:The provisions of this §23.190 adopted to be effective August 15, 2024, 49 TexReg 5989.