Section 22.368 - Allocation of Funds(a) Allocations. Allocations are to be determined as follows: (1) Each institution's percent of the available funds will equal the ratio of its institutional need to the state-wide need.(2) An institution's institutional need is calculated by multiplying: (A) the number of students it reported in the most recent certified Financial Aid Database submission who met the following criteria:(i) were classified as Texas residents;(ii) were enrolled in a vocational or professional nursing program on at least a half-time basis; and(iii) have a 9-month Expected Family Contribution, calculated using federal methodology, less than or equal to the Federal Pell Grant eligibility cap for the year reported in the Financial Aid Database submission; and(B) the institution's maximum scholarship amount, as determined by the Coordinating Board under §22.367(a) of this subchapter (relating to Scholarship Amount).(3) The state-wide need is calculated as the sum of all eligible institutions' institutional need.(4) Allocations for both years of the state appropriations' biennium will be completed at the same time. The three most recent certified Financial Aid Database submissions will be used to forecast the data utilized in the calculation of the allocation for the second year of the biennium. Institutions will receive notification of their allocations for both years of the biennium at the same time.(5) Notwithstanding subsection (a)(4) of this section, allocations for Fiscal Year 2025 will be based on the most recent certified Financial Aid Database submission.(6) Allocation calculations will be shared with all participating institutions for comment and verification prior to final posting and the institutions will be given ten (10) working days, beginning the day of the notice's distribution and excluding State holidays, to confirm that the allocation report accurately reflects the data they submitted or to notify the Coordinating Board in writing of any inaccuracies.(b) Limited Allocation for Certain Institutions. Notwithstanding the allocation methodology established in subsection (a) of this section, an institution described by Texas Education Code, § 61.651(1)(C), may not receive more than ten (10) percent of the total amount of scholarship funds allocated in a fiscal year. Excess funds that would otherwise be allocated to such an institution will instead be allocated to the remaining eligible institutions according to the allocation methodology established in subsection (a) of this section.19 Tex. Admin. Code § 22.368
Adopted by Texas Register, Volume 49, Number 32, August 9, 2024, TexReg 5984, eff. 8/15/2024