Sec. 61.9726.  REPAYMENT.  (a)  The board shall deliver any repayment assistance made under this subchapter in a lump sum payable to the lender and the attorney and in accordance with any applicable federal law.
(b)  Repayment assistance received under this subchapter may be applied to the principal amount of the loan and to interest that accrues.
Added by Acts 2001, 77th Leg., ch. 1403, Sec. 1, eff. Sept. 1, 2001.  Renumbered from Education Code Sec. 61.956 by Acts 2003, 78th Leg., ch. 1275, Sec. 2(46), eff. Sept. 1, 2003.