- (a) Institutions that have received and/or will receive an award under the program shall provide a separate program report for the each award year and expenditure year until it has expended its award and submitted a final report that shows the expenditure of all award funds.
- (b) Any award funds remaining unspent at the end of four fiscal years after the fiscal year of the award must be returned to the Coordinating Board within sixty days.
- (c) The program report shall be in a format and with the specific content prescribed by the Commissioner.
Source Note:The provisions of this §22.507 adopted to be effective February 18, 2008, 33 TexReg 1326; amended to be effective November 18, 2008, 33 TexReg 9232.