| (a) Allocations are to be determined on an annual basis
as follows:
(1) The allocation base for each eligible institution
will be the number of students it reported in the most recent certified
Financial Aid Database submission who met the following criteria:
(A) were classified as Texas residents,
(B) were enrolled as undergraduates in an associate
degree or certificate program half-time, three-quarter time or full-time,
and
(C) have a 9-month Expected Family Contribution, calculated
using federal methodology, less than or equal to the Federal Pell
Grant eligibility Expected Family Contribution cap for the year reported
in the Financial Aid Database submission.
(2) Each institution's percent of the available funds
will equal its percent of the state-wide need as determined by multiplying
each institution's enrollments by the respective award maximums of
students who meet the criteria in subsection (a)(1) of this section.
(3) Allocations for both years of the state appropriations'
biennium will be completed at the same time. The three most recent
certified Financial Aid Database submissions will be utilized to forecast
the data utilized in the calculation of the allocation for the second
year of the biennium. Institutions will receive notification of their
allocations for both years of the biennium at the same time.
(4) Allocation calculations will be shared with all
participating institutions for comment and verification prior to final
posting and the institutions will be given 10 working days, beginning
the day of the notice's distribution and excluding State holidays,
to confirm that the allocation report accurately reflects the data
they submitted or to advise the Coordinating Board of any inaccuracies.
(b) Reductions in Funding.
(1) If annual funding for the program is reduced after
the start of a fiscal year, the Coordinating 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.
(2) If annual funding is reduced prior to the start
of a fiscal year, the Coordinating Board may recalculate the allocations
according to the allocation methodology outlined in this rule for
the affected fiscal year based on available dollars.
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| Source Note: The provisions of this §22.262 adopted to be effective November 28, 2005, 30 TexReg 7871; amended to be effective November 20, 2013, 38 TexReg 8201; amended to be effective March 4, 2015, 40 TexReg 926; amended to be effective November 25, 2015, 40 TexReg 8208; amended to be effective February 28, 2018, 43 TexReg 1084; amended to be effective August 27, 2018, 43 TexReg 5512; amended to be effective February 15, 2024, 49 TexReg 686 |
