1. (a) The Commission, upon the recommendation of the Texas Council on Workforce and Economic Competitiveness, shall provide annual notice, through publication in the Texas Register, to all potential program sponsors of funds available to support apprenticeship training programs for the prospective fiscal year. The Apprenticeship Training Program's fiscal year starts on September 1 and ends on August 31 of each year.
2. (b) The notice shall also include the annual funding formula for the prospective fiscal year, consisting of the contact-hour rate, the percentage of funds available for new programs or established programs not currently receiving funds, and any funds set aside for other funding purposes.
3. (c) The contact-hour rate is the method used to distribute apprenticeship training funds to local education agencies that provide related instruction to registered apprenticeship training programs. The contact-hour rate is determined by the statewide total number of contact hours of apprenticeship training instruction classes divided into the amount of available funds.

Source Note:The provisions of this §837.41 adopted to be effective July 16, 1998, 23 TexReg 7237.