Section 22.64 - Coordinating Board ResponsibilitiesThe Texas Higher Education Coordinating Board shall perform the following services with regard to the Program:
(1) Collect and maintain copies of guidelines submitted by institutions for the administration of the Program on their campuses.(2) Accept funds transferred to the Board by institutions for use in matching federal or state grant funds, assure such matching funds are used to assist institutions and students with the greatest financial need, and return any funds on deposit from institutions if matching funds are not available.(3) Monitor institutional use of program funds and accept funds transferred to the Board by institutions which fail to fully utilize the grant funds set aside in accordance with Program requirements. If an institution's year-end Program balance, including funds on deposit with the Board, exceeds 150 percent of the amount set aside from tuition, the excess funds shall be sent to the Board which shall use the funds for the Toward EXcellence, Access and Success Grant Program.19 Tex. Admin. Code § 22.64
The provisions of this §22.64 adopted to be effective November 28, 2005, 30 TexReg 7869; Adopted by Texas Register, Volume 43, Number 34, August 24, 2018, TexReg 5508, eff. 8/27/2018