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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER JTHE PHYSICIAN EDUCATION LOAN REPAYMENT PROGRAM
RULE §21.261Disbursement of Loan Repayment Assistance
(a) The annual loan repayment amount may be disbursed in the form of:

  (1) one or multiple state warrants co-payable to the physician and the holder(s) of the loan(s), or

   (2) one or multiple state warrants or electronic payments delivered directly to the holder(s) on the physician's behalf.

 (b) The Board shall follow Internal Revenue Service requirements for reporting of loan repayment assistance to physicians during each calendar year.
Source Note: The provisions of this §21.261 adopted to be effective November 30, 2009, 34 TexReg 8524 

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