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Rules Currently in Effect

Chapter 21. Student Services
Subchapter T. Matching Fund Employment Program for Professional Nursing Students
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§21.620 Authority and Purpose
(a) Authority. Authority for this subchapter is provided in the Texas Education Code, Chapter 61, Subchapter L, Financial Aid for Professional Nursing Students and Vocational Nursing Students and Loan Repayment Program for Certain Nurses. These rules establish procedures to administer the subchapter as prescribed in the Texas Education Code, §§61.651 - 61.658.
(b) The purpose of the Matching Fund Employment Program for Professional Nursing Students is to promote the health care and health educational needs of the citizens of Texas.
Source Note:
The provisions of this §21.620 adopted to be effective July 3, 1990, 15 TexReg 3575; amended to be effective November 28, 2004, 29 TexReg 10773
§21.621 Definitions
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise:
(1) Advisory Committee--The Advisory Committee to advise the Board concerning assistance provided to professional nursing students.
(2) Board--The Texas Higher Education Coordinating Board.
(3) Commissioner--The commissioner of higher education, the chief executive officer of the Board.
(4) Cosigner--A person signing a promissory note, other than the loan recipient, who is over 21 years of age and who is gainfully employed full time or otherwise demonstrates financial responsibility. Such a person may be a relative, except a spouse, and may not be a student. He or she may be a representative of the eligible employer. A cosigner is jointly and severally responsible for all promissory notes issued throughout the program and signed by the maker and him or herself.
(5) Employment Program Award--A lump-sum monetary award provided students on a term-by-term basis through the employment program, in exchange for which the student is obligated to work for an employer for one year after completion of his or her professional nursing studies. If the terms of the exchange are violated, and the grievance subcommittee determines it to be appropriate, the award may be treated as a loan, with repayment required of the student and with interest accruing from the date of the award disbursement.
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