The Texas Higher Education Coordinating Board proposes new §§13.100 - 13.106 concerning financial planning for public institutions of higher education (Formula Funding and Tuition Charged for Excess Credit Hours of Undergraduate Students). The new rules will simplify and streamline financial planning procedures and will incorporate existing standards into the rules.

Roger W. Elliott, Assistant Commissioner for Finance, Campus Planning, and Research, has determined that for each year of the first five years the new rules are in effect, there will be no fiscal implications to state or local government as a result of enforcing or administering the rules as proposed.

Dr. Elliott has also determined that for each year of the first five years the new rules are in effect, the public benefit anticipated as a result of administering these new rules will be the continued financial accountability of public higher education institutions. There will be no effect on small businesses. There is no anticipated economic costs to institutions required to comply with the new rules as proposed. There is no impact on local employment.

Comments on the proposed new rules may be submitted to Dr. Don W. Brown, Commissioner of Higher Education, Texas Higher Education Coordinating Board, P.O. Box 12788, Capitol Station, Austin, Texas 78711.

The new rules are proposed under the Texas Education Code, §61.059b which provides the Coordinating Board authority to review and revise funding formulas; §61.065 which authorizes the Board to prescribe and update a uniform system of reporting by institutions and to evaluate the informational requirements of the State; and §51.005 and §51.0051 which provides the Coordinating Board with the authority to approve the form of reports.

The new rules affect the Texas Education Code, §§51.005, 51.0051, and 61.065.