(a) When a recipient of a Teach for Texas Alternative
Certification Conditional Grant shall have failed to make six monthly
payments due in accordance with the promissory note(s), then the full
amount of remaining principal, interest, and/or late charges shall
immediately become due and payable. The recipient's name and last
known address, and other information as requested by the Commissioner,
shall be reported to the Attorney General or any county or district
attorney acting for him or her in the county of the recipient's residence
or in Travis County, unless the Attorney General finds reasonable
justification for delaying suit and advises the Commissioner in writing.
(b) In all cases of default, the recipient shall be
responsible for the payment of principal and all accrued charges,
including interest, late charges, any collections costs incurred,
court costs, and attorney fees.
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Source Note: The provisions of this §22.676 adopted to be effective November 26, 2001, 26 TexReg 9614; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739 |