Texas Administrative Code
Title 19 - EDUCATION
Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
Chapter 22 - STUDENT FINANCIAL AID PROGRAMS
Subchapter S - PROFESSIONAL NURSING SHORTAGE REDUCTION PROGRAM
Section 22.508 - Expenditure Restrictions, Accounting Requirements, and Audit Provisions
Current through Reg. 49, No. 38; September 20, 2024
(a) Expenditure Restrictions--For awards prior to September 1, 2009, qualified expenditures are further defined as salary/payroll expenditures and/or contract expenditures for contracts for nursing faculty or nursing preceptor positions. This restriction does not apply to any Professional Nursing Shortage Reduction program awards made after August 31, 2009.
(b) Accounting Requirements--Each award from this program shall be accounted for separately in the books and records of receiving institutions.
(c) Audit Provisions--Any awards made under this program or data submitted under this program are subject to audit by internal and/or external auditors, including Coordinating Board staff. Institutions that receive an award of $500,000 or more shall submit an independent audit report for that award to the Coordinating Board within six months after the end of the fiscal year in which that award's funds have completely been expended. Institutions that receive an award of less than $500,000 shall have their internal auditor include the award as a part of its annual risk assessment for audit review. If the award is selected for further review, the internal auditor shall provide the Coordinating Board a copy of its audit report. Audits should determine if awards were expended in compliance with allowable award expenditures.
