The board will survey eligible institutions on an annual basis regarding the number of persons receiving degrees in accounting and will use that information as a basis of allocating funds among institutions.
- (1) Award Procedures--Public Universities and Technical Colleges. Funds allocated to each institution will be transferred to a cost center at the State Comptroller's Office, to be drawn down by the institution as needed to cover local awards. Funds not drawn down by deadlines established by the board will be available for reallocation to other institutions needing additional funds.
- (2) Award Procedures--Independent Institutions and Public Community Colleges. Funds allocated to each institution will be accessed through the board. Program Officers will submit applications for eligible students to the board, which will issue state warrants to the students in accordance with disbursement schedules on the applications. Funds not encumbered by deadlines established by the board will be available for reallocation to other institutions needing additional funds.
Source Note:The provisions of this §22.166 adopted to be effective September 8, 1997, 22 TexReg 8544.