(a) The interest rate on loans shall be determined by the Commissioner and shall be a fixed simple interest rate.
(b) Interest begins to accrue as of the date the grant becomes a loan, or the date the certification program was completed, whichever is earlier.
(c) Interest does not accrue during periods of eligible teaching.

Source Note: The provisions of this §22.673 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