SECTION 22.556. Institutional Reimbursement

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(a) The Coordinating Board shall distribute to each eligible institution an amount of funds equal to the amount of state credit applied by the institution under §22.555 of this subchapter (relating to Scholarship Amount) during the academic period reported under subsection (b) of this section.
(b) The institution's annual Financial Aid Database submission will be used to calculate the reimbursement amount.

Source Note: The provisions of this §22.556 adopted to be effective August 21, 2022, 47 TexReg 4851; amended to be effective February 15, 2024, 49 TexReg 691

                    
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