Texas Education Code - Section 56.039. Full Use Of Funds
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§ 56.039. FULL USE OF FUNDS. At the end of a fiscal year,
if the total amount of unencumbered funds that have been set aside
under this subchapter by an institution of higher education,
together with the total amount of unencumbered funds transferred by
that institution to the Coordinating Board, Texas College and
University System, exceeds 150 percent of the amount of funds set
aside by that institution in that fiscal year, the institution
shall transfer the excess amount to the coordinating board. The
coordinating board shall use funds transferred under this section
to award grants under Subchapter M.
Added by Acts 1985, 69th Leg., ch. 708, § 13, eff. Aug. 26, 1985.
Amended by Acts 1999, 76th Leg., ch. 1590, § 3, eff. June 19,
1999.
Section: 56.032 56.033 56.034 56.035 56.036 56.037 56.038 56.039 56.051 56.052 56.053 56.054 56.055 56.071 56.072
Last modified: August 10, 2007
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