The purpose of the Teacher Loan Repayment Act is to increase the number of teachers in designated high-risk teacher positions in public schools through an educational loan repayment program. The act provides for repayment of the principal and reasonable interest accrued on loans obtained from the federal government for teacher education purposes.
§ 21-22H-2 NMSA 1978
Purpose
Known as the Teacher Loan Repayment Act
The act spans §§ 21–21 (9 sections).
Laws 2013, ch. 177, § 2.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.