Texas Administrative Code
Title 22 - EXAMINING BOARDS
Part 22 - TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
Chapter 520 - PROVISIONS FOR THE FIFTH-YEAR ACCOUNTING STUDENTS SCHOLARSHIP PROGRAM
Section 520.6 - Allocations
Universal Citation: 22 TX Admin Code ยง 520.6
Current through Reg. 49, No. 12; March 22, 2024
(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.
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