19 Tex. Admin. Code § 22.296 - Scholarship Amounts and Allocation of Funds
(a) Funding. The Coordinating Board may not
award through this program an amount that exceeds the amount of state
appropriations and other funds that are available for this use.
(b) Scholarship Amounts.
(1) The amount of the scholarship in an
academic year shall be the average cost of housing and food at the
participating institution as approved by the Coordinating Board; and
(2) An institution may not reduce the amount
of a scholarship by any gift aid for which the Scholar receiving the
scholarship is eligible unless the total amount of a Scholar's scholarship plus
any gift aid received exceeds the Scholar's cost of attendance.
(c) Allocation of Funds.
(1) The Commissioner shall determine and
announce the number of initial scholarships available to each participating
institution by January 31 of the prior fiscal year set forth in §
22.288(a) of
this subchapter (relating to Eligible Students);
(2) The number of scholarships for returning
scholars will be the number of scholars eligible to receive the scholarship set
forth in §
22.288(b) of
this subchapter; and
(3) Each
participating eligible institution will receive an annual allocation equal to
the number of scholarships times the average housing and food approved by the
Commissioner. This amount shall include the amount necessary to cover the
scholarships of a Scholar who transferred to the institution as authorized
under this subchapter.
Notes
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