19 Tex. Admin. Code § 22.235
Late Disbursements
Effective Feb 22, 201641 TexReg 1233Source Note: The provisions of this §22.235 adopted to be effective November 28, 2005, 30 TexReg 7870; amended to be effective May 21, 2008, 33 TexReg 3952; amended to be effective February 26, 2014, 39 TexReg 1143; amended to be effective February 22, 2016, 41 TexReg 1233.Texas Secretary of State
(a) A student may receive a disbursement after the end of his/her period of enrollment if the student:
- (1) owes funds to the institution for the period of enrollment for which the award is being made; or
- (2) received a student loan that is still outstanding for the period of enrollment.
- (b) Funds that are disbursed after the end of a student's period of enrollment must either be used to pay the student's outstanding balance from his/her period of enrollment at the institution or to make a payment against an outstanding loan received during that period of enrollment. Under no circumstances are funds to be released to the student.
Source Note:The provisions of this §22.235 adopted to be effective November 28, 2005, 30 TexReg 7870; amended to be effective May 21, 2008, 33 TexReg 3952; amended to be effective February 26, 2014, 39 TexReg 1143; amended to be effective February 22, 2016, 41 TexReg 1233.