Sec. 61.07761. FINANCIAL AID AND OTHER TRUSTEED FUNDS ALLOCATION. (a) For any funds trusteed to the board for allocation to institutions of higher education and private or independent institutions of higher education, including financial aid program funds, the board by rule shall:
(1) establish and publish the allocation methodologies; and
(2) develop procedures to verify the accuracy of the application of those allocation methodologies by board staff.
(b) The board shall consult with affected stakeholders before adopting rules under this section.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1155 (S.B. 215), Sec. 46, eff. September 1, 2013.
Section: Previous 61.07621 61.0763 61.0766 61.077 61.0771 61.0775 61.0776 61.07761 61.0777 61.0778 61.079 61.080 61.0816 61.0817 61.082 NextLast modified: September 28, 2016