Sec. 56.492. REIMBURSEMENT. (a) Each institution of higher education that provides scholarships under the program to eligible students enrolled at the institution is entitled to reimbursement by the coordinating board of the amounts provided. The institution must request reimbursement in the manner specified by coordinating board rule.
(b) On approval of an institution's request for reimbursement, the coordinating board shall direct the comptroller to transfer the appropriate amount to the institution. The institution may use the transferred funds as reimbursement for any credits provided to students under this subchapter, to reimburse students for charges previously paid to the institution, or to make scholarship payments to students, as applicable.
Added by Acts 2009, 81st Leg., R.S., Ch. 1342 (S.B. 175), Sec. 5, eff. June 19, 2009.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 56 - Student Financial Assistance
Subchapter R. Scholarships for Students Graduating
Section 56.483. Award of Scholarship
Section 56.484. Initial Eligibility for Scholarship
Section 56.485. Ineligibility for Scholarship
Section 56.486. Amount of Scholarship
Section 56.487. Application Procedure
Section 56.488. Continuing Eligibility for Scholarship
Section 56.489. Satisfactory Academic Progress
Section 56.490. Exception for Hardship or Other Good Cause