1. (a) If the Commissioner of Higher Education determines within one year of the certification date of data found to have been reported in error that a data reporting error resulted in an under-allocation of funds, the Coordinating Board shall provide the funds to the institution pursuant to any close-out or settle-up provisions contained in subchapter U of this chapter (relating to Community College Finance Program: Forecasting Methodology and Finance Policy), or as otherwise authorized by law.
2. (b) The Coordinating Board shall not provide additional funds to an institution in response to a data reporting error if more than one year has elapsed between the certification deadline of the data in question and the date that the error was initially communicated to the Commissioner of Higher Education.
3. (c) The Coordinating Board shall provide additional funds to an institution pursuant to any close-out or settle-up provision contained in subchapter U of this chapter if the Commissioner of Higher Education determines that an error other than a data reporting error resulted in an under-allocation of formula funding to the institution at least fifteen (15) days prior to the close out of a fiscal year for which funding was under-allocated.

Source Note:The provisions of this §13.529 adopted to be effective February 15, 2024, 49 TexReg 676; amended to be effective August 15, 2024, 49 TexReg 5973; amended to be effective September 1, 2025, 50 TexReg 5452.