(a) The Teach for Texas Alternative Certification Conditional Loan shall be repaid in installments over a period of not more than ten years from the date the grant becomes a loan.
(b) A recipient shall begin making payments within sixty days of the date on which the Teach for Texas Alternative Certification Conditional Grant becomes a loan.
(c) The loan amount to be repaid shall be based upon the proportion of the remaining unfulfilled service obligation.
(d) The minimum repayment amount is $1,200 annually, or an amount required to repay the loan within 10 years, whichever is greater.

Source Note: The provisions of this §22.674 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