Texas Education Code - Section 62.096. Verification Of Allocation Factors
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§ 62.096. VERIFICATION OF ALLOCATION FACTORS. (a) For
purposes of this subchapter, the coordinating board shall prescribe
standards and accounting methods for determining the amount of
restricted research funds expended by an eligible institution in a
state fiscal year.
(b) The coordinating board shall convene a committee
comprised of persons designated by the presidents of eligible
institutions to approve the allocations standards and accounting
methods established by the coordinating board by October 1, 2003.
(c) The coordinating board, as soon as practicable in each
state fiscal year no later than November 1, shall provide the
comptroller with verified information relating to the amounts of
restricted research funds expended by eligible institutions as
necessary to determine the apportionment of the research
development fund under this subchapter for that fiscal year.
(d) The coordinating board may audit the appropriate
records of an eligible institution to verify information for
purposes of this subchapter.
(e) An eligible institution may appeal the coordinating
board's decision regarding the institution's verified information
relating to the amounts of restricted research expended to the
advisory committee for final determination of eligibility.
Added by Acts 2003, 78th Leg., ch. 322, § 2, eff. Sept. 1, 2005.
Section: 62.027 62.091 62.092 62.093 62.094 62.095 62.0951 62.096 62.097 62.098 63.001 63.002 63.003 63.004 63.101
Last modified: August 10, 2007
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