| (a) To receive funds:
(1) an undergraduate student majoring in accounting
must be enrolled at least half-time at an approved institution in
Texas that is participating in the scholarship program, and attending
consecutive semesters or in the final semester of the degree; or
(2) a graduate student majoring in accounting must
be enrolled at least half-time or in the final semester of the degree
at an approved institution in Texas that is participating in the scholarship
program.
(b) To receive funds, a student must:
(1) maintain satisfactory academic progress in the
program of study as defined by the institution;
(2) have completed at least 15 semester hours of upper-level
accounting coursework;
(3) sign a written statement confirming the intent
to take the examination conducted by or pursuant to the authority
of the board for the purpose of obtaining a certificate of "certified
public accountant" in Texas;
(4) agree to pay on demand all scholarship funds received
if the student does not take at least one part of the exam within
three years of submitting the application of intent, unless the executive
director grants an extension of the three-year requirement upon a
showing of good cause;
(5) agree that failure to comply with paragraph (4)
of this subsection may cause the board to take measures necessary
to enforce the repayment of the scholarship including bringing a civil
suit in state district court;
(6) confirm that the applicant submitted an Application
of Intent and has not met the educational requirements for certification
in Texas;
(7) maintain a cumulative grade point average, as determined
by the institution, that is equal to or greater than the grade point
average required by the institution for graduation;
(8) be a resident of Texas; and
(9) have a statement on file with the institution of
higher education indicating the student is registered with the Selective
Service System as required by federal law or is exempt from Selective
Service registration under federal law.
(c) In selecting recipients the Program Officer shall
consider at a minimum the following factors relating to each applicant:
(1) the applicant's financial need, which may be based
on but not limited to the cost of the applicant attending school less
family contribution and any gift aid (an award may not exceed the
applicant's need nor be less than the amount calculated in accordance
with the formula provided institutions in the application instructions);
(2) scholastic ability and performance as measured
by the student's cumulative college grade point average as determined
by the institution in which the student is enrolled; and
(3) ethnic or racial minority status.
|
| Source Note: The provisions of this §520.4 adopted to be effective December 9, 2009, 34 TexReg 8728; amended to be effective February 6, 2013, 38 TexReg 500; amended to be effective February 8, 2017, 42 TexReg 428; amended to be effective October 4, 2023, 48 TexReg 5667 |
