(a) The committee will determine the total obligated service periods for each participant, with a minimum of one obligated service period and maximum of four obligated service periods.
(b) For each obligated service period the participant may receive loan repayment assistance or payment of tuition and fees of up to $45,000 or the total amount of the participant's qualifying loans, whichever is less.
(c) Loan repayment assistance or payment of tuition and fees is contingent on available funding. If at any time the amount of money available for loan repayment assistance or payment of tuition and fees is insufficient to award the maximum annual award amount to all participants, the committee may reduce award amounts to assist a greater number of participants.

Source Note: The provisions of this §42.21 adopted to be effective May 24, 2023, 48 TexReg 2567