Sec. 487.160. FUND. (a) The health careers education fund is established in the state treasury.
(b) The department shall administer the fund.
(c) The fund consists of gifts, grants, donations, the market value of in-kind contributions, and principal and interest payments on forgivable loans deposited to the credit of the fund by the department.
(d) The department shall deposit any principal and interest payments on forgivable loans to the credit of the fund.
(e) The department shall allocate the fund, as available, for forgivable loans and community repayment under this subchapter.
(f) Unless otherwise provided by the General Appropriations Act, the department may use money appropriated to the department to support the fund.
Added by Acts 2001, 77th Leg., ch. 1424, Sec. 1, eff. Sept. 1, 2001.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 112 (H.B. 1918), Sec. 41, eff. September 1, 2009.
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