| (a) Non-Formula Support Items. For the purpose of distributing
state appropriations to a public junior college district in Fiscal
Year (FY) 2024, the Coordinating Board shall distribute the full amounts
of all FY 2024 non-formula support items to the district to which
they are appropriated in accordance with the provisions of the General
Appropriations Act for 2024-2025 by September 25, 2023. The Coordinating
Board shall recover any overallocation or adjust any installment required
to comply with state law or chapter 13 of this title (relating to
Financial Planning).
(b) Formula Funding Amounts: Fall. For the purpose
of distributing state appropriations to a public junior college district
in FY 2024, the Coordinating Board shall distribute to each district
by October 15, 2023, one-half of the formula funding amount it determines
the district may be entitled to receive in FY 2024 pursuant to the
provisions of the General Appropriations Act for 2024-2025, Texas
Education Code, and all other pertinent statutes and rules.
(c) Formula Funding Amounts: Spring. For the purpose
of distributing state appropriations to a public junior college district
in FY 2024, the Coordinating Board shall distribute to each district
by February 15, 2024, one-quarter of the formula funding amount it
determines the district may be entitled to receive in FY 2024 pursuant
to the provisions of the General Appropriations Act for 2024-2025,
Texas Education Code, and all other pertinent statutes and rules.
(d) Formula Funding Amounts: Summer. For the purpose
of distributing state appropriations to a public junior college district
in FY 2024, the Coordinating Board shall distribute to each district
by June 15, 2024, one-quarter of the formula funding amount it determines
the college may be entitled to receive in FY 2024 pursuant to the
provisions of the General Appropriations Act for 2024-2025, Texas
Education Code, and all other pertinent statutes and rules, and in
odd-numbered years shall distribute the formula funding amount likewise
determined as soon as is practicable after June 15 in accordance with
the appropriations process.
(e) The Coordinating Board may modify any installment
under this schedule as necessary to provide an institution with the
amounts to which the institution is entitled under Texas Education
Code, Chapters 130 and 130A, the General Appropriations Act, or chapter
13 of this title.
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