The following limitations apply to the Nursing Faculty Loan Repayment Assistance Program.(1) A nursing faculty member may receive loan repayment assistance under this subchapter for a maximum of five service periods.(2) Funds will be available for loan repayment assistance under this subchapter only if there are legislative appropriations, gifts, grants, and donations made for this purpose, and/or funds have been reallocated for this purpose from the Physician Education Loan Repayment Program Account at the end of a fiscal year.(3) Applications from nursing faculty will be considered by the Coordinating Board only if funds are available for this purpose at the end of the state fiscal year.(4) An individual's loan repayment assistance amount may not exceed the unpaid principal and interest owed on one or more eligible education loans, as described in §23.2(c) of this chapter (relating to Eligible Lender and Eligible Education Loan).