Sec. 1103.164. STIPEND PROGRAM. (a) The board may establish a program to provide stipends to appraiser trainees, persons completing requirements necessary for or otherwise seeking the issuance of a certificate or license under this chapter, and certified appraisers who serve as supervisory appraisers for the following public purposes: (1) promoting the professional needs of this state; (2) increasing the number of highly trained and educated appraisers available to serve the residents of this state; and (3) improving the business environment of and encouraging economic development in this state. (b) In awarding stipends under this section, the board shall consider the financial need of each person who applies for a stipend under this section. (c) The board may use only gifts, grants, and donations received under Section 1103.157 to fund the stipend program under this section. (d) The board shall adopt rules necessary to implement this section, including rules establishing the amount of a stipend awarded under this section.
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