1. (a) Funding. Funds awarded through this program may not exceed the amount appropriated by the Legislature for that purpose.

2. (b) Award Amount.

   1. (1) No award shall exceed the least of:

      1. (A) the student's financial need; or
      2. (B) the difference between the amount of tuition paid at the participating institution and the amount the student would have paid for tuition had he or she been enrolled at a comparable public institution; or
      3. (C) the program maximum.
   2. (2) A grant to a part-time student whose initial TEG was awarded prior to September 1, 2005 shall be made on a pro rata basis of a full-time award.

3. (c) Program maximum.

   1. (1) The TEG Program award maximum is determined by the Board in accordance with Texas Education Code, §61.227 (relating to Payment of Grant Amount).
   2. (2) An undergraduate awarded a TEG grant on or after September 1, 2005, and who has exceptional financial need may receive a grant in an amount not to exceed 150 percent of the program maximum.
4. (d) Uses. No grant disbursed to a student may be used for any purpose other than for meeting the cost of attending an approved institution.
5. (e) Disbursement Limit. The amount of any disbursement may not exceed the difference between the tuition paid at the private or independent institution attended and the tuition the student would have paid to attend a comparable public institution.
6. (f) Over Awards. If, at a time after an award has been offered by the institution and accepted by the student, the student receives assistance that was not taken into account in the student's estimate of financial need, so that the resulting sum of assistance exceeds the student's financial need, the institution is not required to adjust the award under this program unless the sum of the excess resources is greater than $300.

Source Note:The provisions of this §22.27 adopted to be effective November 28, 2005, 30 TexReg 7868; amended to be effective August 15, 2006, 31 TexReg 6337.