Sec. 56.038. RESTRICTIONS AND RETURN OF TRANSFERRED FUNDS. The coordinating board may not use funds transferred to it pursuant to this subchapter from one institution to award grants to students of a different institution. Should matching funds be unavailable for an institution, all funds transferred from that institution to the coordinating board shall be returned to that institution.
Added by Acts 1975, 64th Leg., p. 2323, ch. 720, Sec. 1, eff. Sept. 1, 1975.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 56 - Student Financial Assistance
Subchapter C. Texas Public Educational Grants
Section 56.033. Source of Program Funding
Section 56.034. Guidelines for Determining Eligibility and Awarding Grants
Section 56.035. Type of Grants to Be Awarded
Section 56.036. Transfer of Grant Funds for Use as Matching Funds
Section 56.037. Priorities in Awarding Matching Funds
Section 56.038. Restrictions and Return of Transferred Funds