Nebraska § 85-3113 Repayment tracking

Nebraska Statutes

§ 85-3113 — Repayment tracking

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

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Nebraska § 85-3113 (Repayment tracking) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.