SECTION 25.4. Allocation of Available Funds

The agency shall use the following formula for calculating the amount of funds available to each city and county for the fiscal year for which they seek reimbursement. Seventy-five percent of funds available for distribution shall be allocated by determining each participant's proportionate share of total participant expenditures during the two fiscal years preceding the year for which participant is applying for reimbursement. Twenty-five percent of the funds available for distribution shall be allocated by determining each participant's proportionate share of total linear footage of gulf beach which the participants will clean and maintain pursuant to project agreements authorized in §25.11 of this title (relating to Project Agreement).

Source Note: The provisions of this §25.4 adopted to be effective April 14, 1992, 17 TexReg 2241; amended to be effective July 9, 1993, 18 TexReg 4193; amended to be effective May 5, 1997, 22 TexReg 3714; amended to be effective August 31, 2004, 29 TexReg 8372