(a) The interest rate on loans shall be determined by the Commissioner
and shall be a fixed simple interest rate.
(b) Interest begins to accrue as of the date the grant becomes
a loan, or the date the certification program was completed, whichever is
earlier.
(c) Interest does not accrue during periods of eligible teaching.



Source Note: The provisions of this §21.690 adopted to be effective November 26, 2001, 26 TexReg 9614