Nebraska § 85-3113 Repayment tracking

Nebraska Statutes

§ 85-3113 — Repayment tracking

Nebraska § 85-3113

Ch. 85State University, State Colleges, and Postsecondary Education

This text of Nebraska § 85-3113 (Repayment tracking) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 85-3113 (2026).

Text

The commission has the administrative responsibility to track borrowers and to develop repayment tracking and collection mechanisms for the Attracting Excellence to Teaching Program and the Enhancing Excellence in Teaching Program. The commission may contract for such services. When a loan has been forgiven pursuant to section  85-3106  or  85-3110 , the amount forgiven may be taxable income to the borrower and the commission shall provide notification of the amount forgiven to the borrower, the Department of Revenue, and the United States Internal Revenue Service if required by the Internal Revenue Code.

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The commission has the administrative responsibility to track borrowers and to develop repayment tracking and collection mechanisms for the Attracting Excellence to Teaching Program and the Enhancing Excellence in Teaching Program. The commission may contract for such services. When a loan has been forgiven pursuant to section 85-3106 or 85-3110 , the amount forgiven may be taxable income to the borrower and the commission shall provide notification of the amount forgiven to the borrower, the Department of Revenue, and the United States Internal Revenue Service if required by the Internal Revenue Code.