(a) Authority. Statutory authority for this subchapter
is provided in the Texas Education Code, §61.059(b).
(b) Purposes. The Health-Related Institutions Formula
Advisory Committee is created to provide the Board with advice and
recommendation(s) regarding a set of formulas that provide appropriate
funding levels and financial incentives necessary to best achieve
the goals of the state's higher education plan. The committee also
performs other duties related to formula funding that the Board finds
to be appropriate.
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