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TITLE 19 - EDUCATION
PART 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 13 - FINANCIAL PLANNING
SUBCHAPTER U - COMMUNITY COLLEGE FINANCE PROGRAM: FORECASTING METHODOLOGY AND FINANCE POLICY
SECTION/RULE §13.628 - Substantial Negative Impacts
Chapter Review Date 01/31/2020

If the Commissioner of Higher Education in his or her sole discretion determines that a projected settle-up or close-out adjustment under this subchapter will have a substantial negative impact on the operations of the institution or the education of students, the Coordinating Board may correct the institution's funding by recovering payments as an overallocation pursuant to §13.528(d)(1) or (2) of this chapter (relating to Recovery of Overallocated Funds). For the purpose of formula funding provided directly during FY 2024, the Coordinating Board will not adjust formula funding for a public junior college for a fiscal year subsequent to close out except as set out in §13.625 of this subchapter (relating to Schedule and Composition of Payments for Fiscal Year 2025) and subchapter R of this chapter (relating to State Public Junior College Finance Program Reporting, Audit, and Overallocation).

Source Note: The provisions of this §13.628 adopted to be effective August 15, 2024, 49 TexReg 5978.

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