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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 22STUDENT FINANCIAL AID PROGRAMS
SUBCHAPTER QTEXAS B-ON-TIME LOAN PROGRAM
RULE §22.342Allocation and Reallocation of Funds for Private or Independent Institutions of Higher Education

(a) Allocation Methodology. Allocations for the B-On-Time Program are to be determined on an annual basis as follows:

  (1) The allocation for each private or independent institution, community college, or health-related institution will be its share of the annual appropriation as determined by the institution's number of B-On-Time recipients who are not scheduled for graduation as compared to all B-On-Time recipients at private or independent institutions, community colleges, or health-related institutions who are not scheduled for graduation.

  (2) The source of the data used for the allocation is the year prior to the allocation year being determined, utilizing the Board's Higher Education Loan Management System (HELMS) as of February 20 of the fiscal year prior to the allocation year being determined.

  (3) Verification of Data. Allocation calculations will be shared with all participating institutions for comment and verification prior to final posting of the allocations on the Board's loan program website. Such institutions will be given ten 10 business days, beginning the day of the notice's distribution and excluding State holidays, to confirm that the calculations accurately reflect data submitted by the institutions.

(b) Reallocations. Institutions will have until November 20, or the first business day thereafter if it falls on a weekend or holiday, to encumber the program funds that have been allocated to them. On that date, institutions lose claim to any unencumbered funds. The funds released in this manner are available to the Board for reallocation to other institutions. For the institutions that request additional funds, reallocations for amounts up to the amount requested per institution will be calculated by the agency staff using the same methodology as was used for the initial allocation for that fiscal year. On February 20, or the first business day thereafter if it falls on a weekend or holiday, institutions lose claim to any unspent funds not yet disbursed to students. The funds released in this manner are available to the Board for reallocation to other institutions. For the institutions that request additional funds, reallocations for amounts up to the amount requested per institution will be calculated by the agency staff using the same methodology as was used for the initial allocation for that fiscal year.

(c) Reductions in Funding.

  (1) If funding for the program is reduced during the biennium, the Board may choose to forego reallocations to better distribute the reduction across the biennium.

  (2) If necessary the Board may take steps to help distribute the impact of reduced funding across all participating institutions by an across-the-board percentage decrease in all institutions' allocations.


Source Note: The provisions of this §22.342 adopted to be effective March 4, 2014, 39 TexReg 1365; amended to be effective June 6, 2016, 41 TexReg 4001; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739

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