31 Tex. Admin. Code § 521.10 - Payment of State Funds
(a) On the first
working day of each fiscal year or as soon as possible thereafter, the State
Board shall cause to be paid to each district 25% of the amount allocated to
that district for the fiscal year.
(b) Additional payments shall be made on a
reimbursement basis.
(1) each district
receiving funds under provisions of this chapter shall file with the state
Board a monthly report of expenditures no later than the 30th of the month
following the end of each reporting period on forms provided by the State
Board.
(2) upon verification that
the reports are in order, the State Board shall cause payment for reimbursement
of expenses to be made to the district.
(3) upon receipt of the last monthly report,
the State Board shall perform a reconciliation of funds and pay the claim
accordingly.
(c) any unexpended and unobligated
balance on the district books at August 31 will be treated as a payment toward
that district's allocation for the subsequent fiscal year.
Notes
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