The Texas Higher Education Coordinating Board adopts 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) without changes to the proposed text as published in the February 23, 2001 issue of the Texas Register (26 TexReg 1635). The new rules will simplify and streamline financial planning procedures and will incorporate existing standards into the rules.

There were no comments received concerning the new rules.

The new rules are adopted 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.