(a) The Texas Higher Education Coordinating Board may contract with one or more organizations to operate the statewide preceptorship program in general internal medicine, the statewide preceptorship program in family medicine, and the statewide preceptorship program in general pediatrics for medical students enrolled in Texas medical schools.
(b) An organization eligible to receive funds under this subsection must:
(1) qualify for exemption from federal income tax under Section 501, Internal Revenue Code of 1986 (26 U.S.C. § 501); or
(2) be operated by a state accredited medical school.

(c) Students eligible to participate in the preceptorship programs under this section must indicate an interest in a primary care career.
(d) For purposes of this section, “medical school” has the meaning assigned by Section 61.501(1), except that the term also includes the school of osteopathic medicine at the University of the Incarnate Word.