Section 520.6 - Allocations for the Accounting Students Scholarship Program(a) The board develops a formula for allocating funds to participating institutions in a way that fulfills the purpose of the program.(b) Unless otherwise indicated, institutions shall have until a date specified by the board through a policy memo addressed to the program officer at the institution to encumber all funds allocated to them. If unencumbered by that specific date, the unencumbered funds will be allocated by the executive director to other institutions based upon need and a history of utilization.22 Tex. Admin. Code § 520.6
The provisions of this §520.6 adopted to be effective December 9, 2009, 34 TexReg 8728; amended to be effective April 10, 2013, 38 TexReg 2224; Amended by Texas Register, Volume 42, Number 05, February 3, 2017, TexReg 428, eff. 2/8/2017; Amended by Texas Register, Volume 43, Number 15, April 13, 2018, TexReg 2275, eff. 4/18/2018; Amended by Texas Register, Volume 46, Number 31, July 30, 2021, TexReg 4685, eff. 8/4/2021; Amended by Texas Register, Volume 49, Number 40, October 4, 2024, TexReg 8088, eff. 10/9/2024