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) Each state fiscal year, no TEG award shall exceed the least of:

      1. (A) the student's financial need;
      2. (B) the student's tuition differential; 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 or to any student enrolled for a limited number of hours due to imminent graduation shall be made on a pro rata basis of a full-time award.
3. (c) Exceptional Need Award. An undergraduate student 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) Term or Semester Disbursement Limit. The amount of any disbursement in a single term or semester may not exceed the student's financial need, tuition differential or the program maximum for the state fiscal year, whichever is the least.
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; amended to be effective May 21, 2008, 33 TexReg 3944.