79-8,138 Repayment tracking. - Nebraska Statutes

79-8,138. Repaymenttracking.The department has the administrativeresponsibility to track borrowers and to develop repayment tracking and collectionmechanisms for the AttractingExcellence to Teaching Program and the Enhancing Excellence in Teaching Program.The department may contract for such services. When a loan has been forgivenpursuant to section 79-8,137 or 79-8,137.04, the amount forgiven may be taxable incometo the borrower and the department shall provide notification of the amountforgiven to the borrower, the Department of Revenue, and the United StatesInternal Revenue Service if required by the Internal Revenue Code. SourceLaws 2000, LB 1399, § 21; Laws 2009, LB547, § 13.