(a) The Teach for Texas Alternative Certification Conditional Grant becomes a loan and shall be reported to credit reporting agencies when the recipient fails to:
  (1) remain enrolled in or to make steady progress in the educator certification program;
  (2) become certified as a teacher within eighteen months after the program completion date;
  (3) begin the service obligation within eighteen months after the program completion date;
  (4) maintain continuous full-time teaching and complete the five-year teaching obligation within six years of beginning the service obligation period;
  (5) provide regular, periodic reports of enrollment or employment status and location to the Board within a reasonable period of time, as determined by the Board.
(b) Recipients must sign a promissory note acknowledging the conditional nature of the grant and promising to repay the outstanding principal, interest, and reasonable collection costs if the grant conditions are not fulfilled.

Source Note: The provisions of this §22.672 adopted to be effective November 26, 2001, 26 TexReg 9614; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739