Texas Administrative Code
|PART 1||TEXAS HIGHER EDUCATION COORDINATING BOARD|
|CHAPTER 21||STUDENT SERVICES|
|SUBCHAPTER L||PAUL DOUGLAS TEACHER SCHOLARSHIP PROGRAM|
|RULE §21.314||Expenditure of Funds|
In each award year, the board, if possible, will expend all program funds received from the federal government for that award year and all funds received prior to that award year from principal or interest payments, except that the board may reserve for expenditures in the following award year an amount less than $5,000 as well as any funds awarded but returned or not expended.
|Source Note: The provisions of this §21.314 adopted to be effective January 5, 1994, 18 TexReg 9851.|
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