|(a) Allocations. Allocations for the B-On-Time Program
are to be determined on an annual basis as follows:
(1) All eligible institutions will be invited to participate;
those choosing not to participate will be left out of the calculations
for the relevant year.
(2) The allocation base for each institution choosing
to participate will be its three-year average share of Texas residents
enrolled full time in an undergraduate degree program who completed
(3) The source of data used for the allocation calculations
are the three most recently certified financial aid database reports
submitted to the Board by the institutions.
(4) Verification of Data. Allocation calculations will
be shared with all participating institutions for comment and verification
prior to final posting of the allocations on the Board's loan program
website. Institutions will be given 10 working days, beginning the
day of the notice's distribution and excluding State holidays, to
confirm that the calculations accurately reflect data submitted by
(b) Reallocations. Institutions will have until February
20, or the first working day thereafter if it falls on a weekend or
holiday, to encumber the program funds that have been allocated to
them. On that date, institutions lose claim to any unspent funds not
yet disbursed to students. The funds released in this manner are available
to the Board for reallocation to other institutions. If necessary
for ensuring the full use of funds, subsequent reallocations may be
scheduled until all funds are disbursed.
(c) Reductions in Funding.
(1) If funding for the program is reduced during the
first year of a biennium, the Board may choose to forego reallocations
to better distribute the reduction across the biennium.
(2) If funding is reduced prior to the beginning of
the second year of a biennium, the Board may take steps to help distribute
the impact of reduced funding across all participating institutions
by an across-the-board percentage decrease in all institutions' allocations.