Section 13.625 - Schedule and Composition of Payments for Fiscal Year 2025(a) Non-Formula Support Items. For the purpose of distributing state appropriations to a public junior college in fiscal year 2025, the Coordinating Board shall distribute the full amount of all fiscal year non-formula support items appropriated to the institution in accordance with the provisions of the General Appropriations Act in effect for the biennium by September 25 of the fiscal year. The Coordinating Board shall recover any overallocation or adjust any installment required to comply with state law or Board rules.(b) Formula Funding Amounts: Fall. For the purpose of distributing state appropriations to an institution in fiscal year 2025, the Coordinating Board shall distribute to each institution by October 15: (1) FY 2025 Foundation payment: one-half of the foundation payment the Coordinating Board determines the institution may be entitled to receive in fiscal year 2025, including: (A) Base tier funding for fiscal year 2025;(B) Performance tier funding calculated using fundable certified performance outcomes data from fiscal year 2023; and(C) Performance outcomes for fiscal years 2024 and 2025 forecasted pursuant to §13.624 of this subchapter (relating to Forecasting Fundable Outcomes).(2) FY 2024 Close Out: In accordance with §13.477 of this part (relating to Close Out), the Coordinating Board shall close out fiscal year 2024.(c) Formula Funding Amounts: Spring. For the purpose of distributing state appropriations to a public junior college in fiscal year 2025, the Coordinating Board shall distribute to each district by February 15, 2025:(1) FY 2025 Foundation Payment: one-quarter of the foundation payment as described in subsection (b)(1) of this section.(2) FY 2025 Dynamic Adjustment: the full positive amount by which the performance tier funding of the foundation payment as provided by subsection (b)(1) of this section is less than a calculation of performance tier funding using: (A) fundable certified performance outcomes data from fiscal year 2023;(B) preliminary outcomes data from 2024; and(C) performance outcomes for all other elements for fiscal years 2024 and 2025 forecasted pursuant to §13.624 of this subchapter.(d) Formula Funding Amounts: Summer. For the purpose of distributing state appropriations to a public junior college in fiscal year 2025, the Coordinating Board shall distribute to each junior college by a date as soon as is practicable after June 15, in accordance with the appropriations process, one-quarter of the foundation payment as described in subsection (b)(1) of this section, which amount may be multiplied by a number less than one as necessary to prevent formula funding distributions to institutions from exceeding state appropriations for such purpose, pursuant to the provisions of the General Appropriations Act, Texas Education Code, and all other applicable statutes and rules.(e) The Commissioner of Higher Education may modify any installment under this schedule as necessary to provide an institution with the amount to which the institution is entitled under Texas Education Code, chapters 130 and 130A, the General Appropriations Act, a supplemental appropriations act, or chapter 13 of this title.19 Tex. Admin. Code § 13.625
Adopted by Texas Register, Volume 49, Number 32, August 9, 2024, TexReg 5978, eff. 8/15/2024