Tex. Gov't Code Section 487.304
Eligibility for Grant, Loan, or Loan Guarantee; Interest Rate

(a)

The department shall adopt rules that establish eligibility criteria for receiving a grant, loan, or loan guarantee under this subchapter.

(b)

The rules must state generally the factors the department will consider in determining whether an applicant should receive a grant, loan, or loan guarantee. The rules must consider at least the financial need of the applicant, the health care needs of the rural area served by the applicant, and the probability that the applicant will effectively and efficiently use the money obtained through the grant, loan, or loan guarantee to meet the health care needs of the rural area served by the applicant.

(c)

The rules must state generally the factors the department will consider in determining the extent to which the interest rate on a loan should be below market rates.
Added by Acts 2001, 77th Leg., ch. 1424, Sec. 1, eff. Sept. 1, 2001.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 112 (H.B. 1918), Sec. 55, eff. September 1, 2009.

Source: Section 487.304 — Eligibility for Grant, Loan, or Loan Guarantee; Interest Rate, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­487.­htm#487.­304 (accessed May 26, 2025).

487.001
Definitions 487.003
Reference in Law 487.026
Director 487.051
Powers and Duties 487.052
Rules 487.055
Advisory Committees 487.060
Application Requirement for Colonias Projects 487.101
Definitions 487.102
Administration 487.103
Selection Committee 487.104
Selection of Outstanding Rural Scholars 487.105
Eligibility for Outstanding Rural Scholar Competition 487.106
Eligibility for Loans 487.107
Awarding of Loans 487.108
Amount of Loan 487.109
Loan Forgiveness 487.110
Fund 487.111
Postsecondary Educational Institutions 487.112
Adoption and Distribution of Rules 487.151
Definitions 487.152
Administration 487.153
Health Careers Promotion 487.154
Loans 487.155
Student Eligibility 487.156
Community Eligibility 487.157
Amount of Loan 487.158
Required Contract 487.159
Loan Forgiveness 487.160
Fund 487.161
Reporting 487.162
Program Promotion 487.163
Adoption of Rules 487.201
Definitions 487.202
Program 487.203
Eligibility 487.204
Rules 487.251
Definitions 487.252
Texas Health Service Corps Program 487.253
Administration 487.254
Required Contract 487.255
Stipends 487.256
Funding 487.301
Definitions 487.302
Powers of Department 487.303
Grant, Loan, and Loan Guarantee Program 487.304
Eligibility for Grant, Loan, or Loan Guarantee 487.351
Administration of Community Development Block Grant Program 487.354
Financial Assistance for Installation of Street Lights in Colonias 487.401
Administration 487.451
Definitions 487.452
Community Healthcare Awareness and Mentoring Program for Students 487.453
Administration 487.454
Grants 487.501
Definitions 487.502
Gifts and Grants 487.503
Rural Physician Recruitment Program 487.551
Definitions 487.553
Loan Reimbursement Program 487.554
Stipend Program 487.555
Contract Required 487.556
Powers and Duties of Department 487.557
Use of Telecommunication and Telemedicine 487.558
Permanent Endowment Fund 487.559
Administration and Use of Fund 487.560
Reporting Requirement 487.601
Definitions 487.602
Rural Physician Relief Program 487.603
Fees 487.604
Funding 487.605
Relief Physician’s Expenses 487.606
Priority Assignment of Relief Physicians 487.607
Relief Physician Recruitment 487.651
Definitions 487.652
Rules Governing Program 487.654
Prohibition 487.751
Definition 487.752
Grant Program 487.753
Funding
Green check means up to date. Up to date

Verified:
May 26, 2025

§ 487.304. Eligibility for Grant, Loan, or Loan Guarantee; Interest Rate's source at texas​.gov