Section 13.627 - Schedule and Composition of Payments Beginning Fiscal Year 2027(a) Non-Formula Support Items. For the purpose of distributing state appropriations to a public junior college in a fiscal year, the Coordinating Board shall distribute the full amount of all fiscal year non-formula support items appropriated to the institution tin accordance with the provisions of the General Appropriations Act in effect for the biennium by September 25 of the fiscal year, or on a date as required by the General Appropriations Act. 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 a public junior college district in a fiscal year, the Coordinating Board shall distribute to each district by October 15 of the fiscal year:(1) Current Fiscal Year Foundation Payment: one-half of the foundation payment the Coordinating Board determines the district may be entitled to receive for the current fiscal year, consisting of base tier funding for the fiscal year and performance tier funding calculated using funding certified performance outcomes data from the fiscal year two years prior to the fiscal year and performance outcomes for the prior and current fiscal years forecasted pursuant to §13.624 of this subchapter (relating to Forecasting Fundable Outcomes).(2) Projected Prior-Year Settle Up: the Coordinating Board shall add the full amount, including if such amount is a negative number, of:(A) performance tier funding for the fiscal year prior to the current fiscal year calculated using: (i) fundable certified performance outcomes data from the fiscal years three and two years prior to the current fiscal year; and(ii) performance outcomes for the fiscal year prior to the current fiscal year forecasted pursuant to §13.624 of this subchapter; minus(B) the sum of performance tier funding payments made under the prior fiscal year foundation payments and dynamic adjustment.(3) Two-Years Prior Close Out: the Coordinating Board shall add the full amount, including if such amount is a negative number, of: (A) performance tier funding for the fiscal year two years prior to the current fiscal year calculated using fundable certified performance outcomes data from the fiscal years four, three, and two years prior to the current fiscal year; minus(B) the sum of performance tier funding payments made under the foundation payments, dynamic adjustment, projected settle-up adjustment, and settle-up adjustment for the fiscal year two years prior to the current fiscal year.(c) Formula Funding Amounts: Spring. For the purpose of distributing state appropriations to a public junior college district in a fiscal year, the Coordinating Board shall distribute to each district by February 15 of the fiscal year: (1) Foundation Payment: one-quarter of the foundation payment as described in subsection (b)(1) of this section.(2) Current Year Dynamic Adjustment: the full positive amount by which performance tier funding of the foundation payment for the current fiscal year as described in subsection (b)(1) of this section is less than a calculation of performance tier funding using: (A) fundable certified performance outcomes data from the fiscal year two years prior to the current year;(B) preliminary outcomes data from the prior fiscal year; and(C) performance outcomes for all other required data elements for the prior and current fiscal years forecasted pursuant to §13.624 of this subchapter.(3) Prior Year Settle Up: the full positive amount of the difference between:(A) performance tier funding for the prior fiscal year calculated using: (i) fundable certified performance outcomes data from the fiscal years three and two years prior to the current fiscal year;(ii) preliminary outcomes from the prior fiscal year; and(iii) performance outcomes for all other elements for the prior fiscal year forecasted pursuant to §13.624 of this subchapter; minus(B) the sum of performance tier funding payments made under the prior fiscal year foundation payments, dynamic adjustment, and projected settle-up.(d) Formula Funding Amounts: Summer. For the purpose of distributing state appropriations to a public junior college district in a fiscal year, the Coordinating Board shall distribute to each district by June 15 of even-numbered years and, in odd-numbered years, 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 in odd-numbered years as necessary to prevent formula funding distributions to districts from exceeding state appropriations for such purpose, pursuant to the provisions of the General Appropriations Act, Texas Education Code, and all other pertinent statutes and rules.(e) The Commissioner of Higher Education may modify any installment under this schedule as necessary to provide an institution with the amounts 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 (relating to Financial Planning).19 Tex. Admin. Code § 13.627
Adopted by Texas Register, Volume 49, Number 32, August 9, 2024, TexReg 5978, eff. 8/15/2024