PART 1. COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 7. PREPAID HIGHER EDUCATION TUITION PROGRAM
SUBCHAPTER I. REFUNDS, TERMINATION
34 TAC §7.81
The Comptroller of Public Accounts proposes an amendment
to §7.81, concerning refunds. This section establishes the criteria
that determine how refunds will be calculated when a contract of the
Prepaid Higher Education Tuition Program (Program) is cancelled or
terminated. This Program is also known as the Texas Tomorrow Fund
I and the Texas Guaranteed Tuition Plan and was the Board's first
prepaid tuition plan established in 1995. It is governed by the Texas
Prepaid Higher Education Tuition Board (Board).
Texas Education Code, §54.632(c) gives the Board the authority
to determine how refunds will be calculated when a Program contract
is cancelled. The Board has determined that the fund will benefit
from a change to the current refund policy as proposed in this amendment.
The current refund policy is varied based upon the circumstances underlying
a cancellation, i.e., the timing of the cancellation, whether it is
voluntary, and the age of the beneficiary, and it allows refunds to
include earnings based on the weighted average tuition and required
fee rate paid to public or private universities or colleges in effect
on the effective date of the refund. The proposed amendment will change
the current rule to limit refunds to the amount of money paid for
those hours under the contract, less fees, and less any funds paid
under the contract. It will also exempt those contracts cancelled
due to the death of the purchaser or beneficiary or the graduation
of the beneficiary from an eligible educational institution from being
assessed a cancellation fee.
The Board believes it is in the best interest of the fund to revise
this refund policy in order to extend the financial viability of this
Program while providing for a reasonable methodology for refunds.
The Program is financially infeasible as actuarial projections reflect
a deficiency in future assets needed to pay future liabilities. Because
this Program is a guaranteed tuition plan, once these funds are exhausted,
the state must compensate out of general revenue for any shortfall
under the existing contracts. Through a more financially sound refund
policy based on the Board's actuarial analysis, the proposed rule
may prolong the inevitable draw on the state's general revenue. The
proposed amendment will not affect the disbursement to the schools.
John Heleman, Chief Revenue Estimator, has determined that for
the first five-year period the rule will be in effect, there will
be no significant revenue impact on the state or units of local government.
Mr. Heleman also has determined that for each year of the first
five years the rule is in effect, the proposed amendment would benefit
the public by setting forth the criteria that determine how refunds
will be calculated. The proposed amendment would have no fiscal impact
on small businesses. There is no significant anticipated economic
cost to individuals who are required to comply with the proposed rule.
Comments on the proposal may be submitted to Linda Fernandez, CEO
and Manager, Educational Opportunities and Investment Division, Post
Office Box 13407, Austin, Texas 78711-3407, or transmitted electronically
to linda.fernandez@cpa.state.tx.us.
This rule amendment is proposed under Texas Education
Code, §54.618(b)(2) which authorizes the Board to adopt rules
to implement the Program.
The proposed amendment implements Texas Education Code, §54.632.
§7.81.Refunds.
(a) Refunds shall be made in accordance with provisions
of these rules and the prepaid tuition contract, in a manner that
will not adversely affect the tax status of the program under applicable
provisions of the Internal Revenue Code, as amended from time to time.
Refunds shall be governed by these rules as amended and as in effect
on the date the request for refund is submitted to the board.
The [
(b) Refunds shall be made to the purchaser of the prepaid
tuition contract unless otherwise designated by the purchaser in writing
to the board in the event of the purchaser's death.
(c) Should a beneficiary terminate his/her student
status on or after the date on which the institution denies refunds
to students withdrawing for a particular semester, no refund shall
be paid under the prepaid tuition contract for amounts relating to
such semester.
[(1) Under any plan if the beneficiary receives
a full scholarship for tuition and required fees, the amount of tuition
and required fees that would have been paid under the plan selected
may be refunded. Under a junior college plan, junior/senior college
plan, or a senior college plan, the amount of such refund shall not
exceed the tuition scholarship amount. Refund payments may be issued
each academic term as long as the scholarship is effective. The purchaser
of the prepaid tuition contract shall be entitled to such refund.
Proof of scholarship must be submitted in a form acceptable to the
board.]
[(2) Under the junior college plan, junior/senior
college plan or senior college plan, if a beneficiary receives a partial
scholarship for tuition and required fees, the tuition scholarship
amount may be refunded. Under the private college plan, if a beneficiary
receives a partial scholarship, a refund may be made in an amount
equal to the excess of the estimated average private tuition and required
fee amounts, over the actual tuition and required fee amounts less
the scholarship amount. Refund payments up to the amount determined
in accordance with this paragraph may be issued each academic term
as long as the scholarship is effective. The purchaser of the prepaid
tuition contract shall be entitled to such refund. Proof of scholarship
must be submitted in a form acceptable to the board.]
[(3) If the beneficiary dies or becomes
disabled while attending an institution of higher education or a private
or independent institution of higher education, the amount of benefits
remaining available under the prepaid tuition contract, less any applicable
fees, may be refunded. A lump sum refund may be made within 60 days
of the date the program is notified of the death or disability to
the purchaser of the prepaid tuition contract, provided proof of death
or disability is submitted in a form acceptable to the board.]
[(4) If the beneficiary dies or becomes
disabled after having graduated from high school but prior to attending
an institution of higher education or a private or independent institution
of higher education, a refund may be issued or the benefits under
such contract may be transferred to another qualified beneficiary.
If a change of beneficiary is not requested, a lump sum refund may
be made within 60 days of the date the program is notified of the
death or disability to the purchaser of the prepaid tuition contract,
provided proof of death or disability is submitted in a form acceptable
to the board. Under the junior college plan, junior/senior college
plan, or senior college plan, the refund will equal the average amount
of tuition and required fees in effect at the time the refund is requested.
Under the private college plan, the refund will equal the estimated
average of private tuition and required fees as determined annually
by the board.]
[(5) If the beneficiary dies or becomes
disabled before the contract is paid in full, a refund may be issued
or the benefits under such contract may be transferred to another
qualified beneficiary. If a change of beneficiary is not requested,
a lump sum refund may be made within 60 days of the date the program
is notified of the death or disability to the purchaser of the prepaid
tuition contract, provided proof of death or disability is submitted
in a form acceptable to the board. For junior college plans, junior/senior
college plans, or senior college plans, the refund amount will be
equal to a pro rata amount of the average amount of tuition and required
fees in effect at the time the refund is requested, such pro rata
amount determined by the number of payments made under the contract
by the purchaser to the number of payments required to pay the contract
in full. For private college plans, the refund amount will be equal
to a pro rata amount of the estimated amount of private tuition and
required fees set forth in the prepaid tuition contract, such pro
rata amount determined by the number of payments made under the contract
by the purchaser to the number of payments required to pay the contract
in full.]
[(6) If a prepaid tuition contract is terminated
under §7.82(c) of this title (relating to Termination of Prepaid
Tuition Contract), such contract may be refunded in an amount equal
to the present lump sum actuarial value, as of the date of termination,
of the average amount of tuition or the estimated amount of private
tuition and required fees of junior college plans, junior/senior college
plans or the estimated amount of private tuition and required fees
for the private college plan, less a cancellation fee; and any other
applicable fee. In no case shall a refund be made in an amount less
than the total amount paid by the purchaser under the contract less
any applicable administrative fees or amounts previously distributed.]
[(7) If the purchaser who selected the junior
college plan, junior/senior college plan, or senior college plan dies
or becomes disabled and payments cease before the contract is paid
in full, and unless otherwise directed by the purchaser in writing,
a refund may be made. The refund amount will be equal to a percentage
of the average amount of tuition and required fees in effect at the
time the refund is requested, determined by reference to the percentage
of payments made under the contract by the purchaser. If the purchaser
who selected the private college plan dies or becomes disabled and
payments cease before the contract is paid in full, a refund may be
made. The refund amount will be equal to a percentage of the estimated
amount of private tuition and required fees set forth in the prepaid
tuition contract, determined by reference to the percentage of payments
made under the contract by the purchaser. A lump sum refund may be
made within 60 days to the purchaser of the prepaid tuition contract
unless otherwise specified in writing by the purchaser as described
in this paragraph. In the alternative, contract benefits may be converted
to a plan with reduced benefits. Proof of death or disability shall
be in a form acceptable to the board. Notwithstanding any other provision
of this paragraph, the purchaser, in a writing to the board, and providing
such other information as the board may request, may designate a person
who shall have a right of survivorship with respect to purchaser's
rights and obligations pursuant to a prepaid tuition contract; provided
that such designation shall in no way affect the purchaser's ability
to modify or terminate the contract and receive a refund without the
consent or authorization of the designee.]
[(8) Refunds may be made for other reasons
as approved by the board. By way of example, such refunds may be made
in an amount equal to the lowest amount of tuition and required fees
of all institutions under the plan selected, less a cancellation fee.
Refund payments may be made in semiannual installments to the purchaser
of the prepaid tuition contract.]
This agency hereby certifies that the proposal
has been reviewed by legal counsel and found to be within the agency's
legal authority to adopt.
Filed with the Office of the Secretary of State on June 19, 2009.
TRD-200902488
Martin Cherry
General Counsel
Comptroller of Public Accounts
Earliest possible date of adoption: August 2, 2009
For further information, please call: (512) 475-0387
The Comptroller of Public Accounts proposes new Chapter 8,
concerning Jobs and Education for Texans (JET) Grant Program. New
Chapter 8 is necessary to implement House Bill 3 and House Bill 1935,
81st Legislature, 2009, and to better define the role of the comptroller's
office and the JET advisory board in implementing these requirements.
The new rules will reside under Texas Administrative Code, Title 34,
Part 1, Chapter 8, new Subchapter A, §8.1, concerning Definitions;
Subchapter B, §§8.11 - 8.14, concerning Advisory Board Composition,
Meeting Guidelines; Subchapter C, §§8.21 - 8.25, concerning
Grant Programs; Subchapter D, §8.31, concerning Grants to Nonprofit
Organizations for Innovative and Successful Programs; Subchapter E, §8.41,
concerning Grants to Educational Institutions for Career and Technical
Education Programs; and Subchapter F, §8.51, concerning Grants
for Scholarships. The Texas State Comptroller's report, "Texas Works:
Training and Education for All Texans (2008)" states that Texas faces
growing shortages of the skilled workers that help attract and retain
business. According to the U.S. Department of Education, 90% of the
fastest-growing jobs in the new information and service economy will
require some postsecondary education.
These bills establish the JET grant program to counter the shortages
by providing grants to public junior colleges, public technical institutes,
and eligible nonprofits that foster work force development in emerging
industries and high-demand occupations. In addition, the Comptroller
of Public Accounts is authorized to award scholarships to public junior
college or public technical institute students who demonstrate a financial
need and are training for a high-demand occupation.
John Heleman, Chief Revenue Estimator, has determined that for
the first five-year period the rules will be in effect, there will
be no significant revenue impact on the state or units of local government.
Mr. Heleman also has determined that for each year of the first
five years the rules are in effect, the proposed new rules would benefit
the public by clarifying the comptrollers procedures for implementing
the JET program. The proposed amendment would have no fiscal impact
on small businesses. There is no anticipated economic cost to individuals
who are required to comply with the proposed rules.
Comments on the proposals may be submitted to Linda Fernandez,
CFO and Manager, Educational Opportunities and Investment Division,
at linda.fernandez@cpa.state.tx.us or at P.O. Box 13528, Austin, Texas 78711.
SUBChAPTER A. DEFINITIONS
34 TAC §8.1
The new subchapter is authorized under Education Code, §134.008
and Government Code, §403.358, which provides the comptroller
the authority to adopt rules as necessary for the administration of
the JET program.
The new subchapter implements Education Code, §134.002 and
Government Code, §403.352, which requires the comptroller to
establish and administer the Jobs and Education for Texans fund as
a dedicated account in the general revenue fund.
§8.1.Definitions.
The following words and terms, when used in this chapter shall
have the following meanings, unless the context clearly indicates
otherwise.
(1) "Act" means Education Code, Chapter 134, as adopted
by House Bill 3, 81st Legislature, 2009, and Government Code, Chapter
403, Subchapter O, as adopted by House Bill 1935, 81st Legislature, 2009.
(2) "Advisory board" means the advisory board of education
and workforce stakeholders created pursuant to the Act.
(3) "Career and technical education" means organized
educational activities that offer a sequence of courses that:
(A) provides individuals with coherent and rigorous
content aligned with challenging academic standards and relevant technical
knowledge and skills needed to prepare for further education and careers
in high-demand occupations or emerging industries;
(B) includes competency-based applied learning that
contributes to the academic knowledge, problem-solving skills, work
attitudes, general employability skills, technical skills, and occupation-specific
skills, and knowledge of all aspects of an industry, including entrepreneurship,
of an individual; or
(C) provides a license, a certificate, or a postsecondary degree.
(4) "Certificate or degree completion" means receiving
a degree, certificate or other award for completion of a curriculum.
(5) "Comptroller" means the Comptroller of Public Accounts.
(6) "Developmental education" means courses, tutorials,
laboratories, or other efforts to bring students' skill levels in
reading, writing, and mathematics to college entrance level.
(7) "Emerging industry" means a growing, evolving or
developing industry based on new technological products or concepts.
(8) "Enrolled" means registered for or in the process
of registering for a post-secondary education or training program.
(9) "Financial need" may be determined by proof of:
(A) annual household adjusted income at or below the
federal poverty income guidelines;
(B) eligibility for Aid to Families with Dependent
Children or other public assistance programs (includes Women, Infants,
and Children (WIC) program participants);
(C) eligibility for a Pell Grant or comparable state
program of need-based financial assistance;
(D) eligibility for benefits under the Food Stamp Act
of 1977 or the Health and Human Services (HHS) Poverty Guidelines; or
(E) eligibility as determined by the Free Application
for Federal Student Aid (FAFSA).
(10) "High-demand occupation" means a job, profession,
skill, or trade for which employers within the State of Texas generally,
or within particular regions or cities of the state, have or will
have a substantial need. In determining whether there is or will be
a substantial need for a particular job, profession, trade, or skill,
the comptroller may consider:
(A) the Texas Workforce Commission's list of high-demand
occupations and/or its labor market projections;
(B) whether the occupation has been targeted for Workforce
Investment Act (WIA) training as a result of employer or community input; or
(C) research, projections, or workforce data that are
compiled by the comptroller or derived from one of the following sources:
(i) the Texas Workforce Commission;
(ii) the United States Department of Labor; or
(iii) another source which provides evidence that a
particular job, profession, skill, or trade will provide potential
economic benefits to the state or a local or regional area within
the state.
(11) "In-kind contribution" means a cash value placed
on a non-monetary contribution or investment.
(12) "JET" means the Jobs and Education for Texans Grant Program.
(13) "Low income student" means a student who demonstrates
financial need as determined under this section.
(14) "Nonprofit organization" means an organization
that is exempt from federal income taxation under Internal Revenue
Code of 1986, §501(a), and that is described by §501(c)(3)
of that code.
(15) "Notice of Availability" or "NOA" means the notice
of availability that is published by the comptroller pursuant to §8.22
of this title (relating to Notice of Grant Availability and Application).
(16) "Persistence rates" means the rate at which students
persist in career and technology education courses, often measured
by the percentage of students who continue to be enrolled from one
year to the succeeding year.
(17) "Prevailing wage" means a wage determination as
used by the Texas Workforce Commission for the Skills Development
Fund or similar TWC programs or as determined by the comptroller using
relevant federal, state and local labor wage data.
(18) "Public junior college" means any junior college
certified by the Texas Higher Education Coordinating Board (THECB)
in accordance with Education Code, §61.003.
(19) "Public technical institute" means the Lamar Institute
of Technology or the Texas State Technical College System in accordance
with Education Code, §61.003.
This agency hereby certifies that the proposal
has been reviewed by legal counsel and found to be within the agency's
legal authority to adopt.
Filed with the Office of the Secretary of State on June 22, 2009.
TRD-200902548
Ashley Harden
Chief Deputy General Counsel
Comptroller of Public Accounts
Earliest possible date of adoption: August 2, 2009
For further information, please call: (512) 475-0387
34 TAC §§8.11 - 8.14
The new subchapter is authorized under Education Code, §134.008
and Government Code, §403.358, which provides the comptroller
the authority to adopt rules as necessary for the administration of
the JET program.
The new subchapter implements Education Code, §134.002 and
Government Code, §403.352, which requires the comptroller to
establish and administer the Jobs and Education for Texans fund as
a dedicated account in the general revenue fund.
§8.11.Advisory Board Purpose and Composition.
(a) The advisory board shall assist the comptroller
in administering the Jobs and Education for Texans (JET) Grant Program.
(b) The comptroller is the presiding officer of the board.
§8.12.Meetings Required.
(a) The advisory board is required to meet at least
once each quarter to recommend awarding grants to public junior colleges,
public technical institutes, and eligible nonprofit organizations.
(b) Meetings may be called at the request of the board's presiding officer.
(c) Meetings shall be subject to the requirements of
the Open Meetings Act.
§8.13.General Advisory Board Responsibilities.
The advisory board shall provide advice and recommendations
to the comptroller on:
(1) the manner in which public junior colleges, public
technical institutes, and eligible nonprofit organizations apply for
Jobs and Education for Texans (JET) Grant Program grants; and
(2) the JET grants to be awarded by the comptroller.
§8.14.General Comptroller Responsibilities to the Advisory Board.
The comptroller serves as presiding officer of the board. The
presiding officer shall perform all duties and responsibilities imposed
by law and in this chapter.
This agency hereby certifies that the proposal has
been reviewed by legal counsel and found to be within the agency's
legal authority to adopt.
Filed with the Office of the Secretary of State on June 22, 2009.
TRD-200902549
Ashley Harden
Chief Deputy General Counsel
Comptroller of Public Accounts
Earliest possible date of adoption: August 2, 2009
For further information, please call: (512) 475-0387
34 TAC §§8.21 - 8.25
The new subchapter is authorized under Education Code, §134.008
and Government Code, §403.358, which provides the comptroller
the authority to adopt rules as necessary for the administration of
the JET program.
The new subchapter implements Education Code, §134.002 and
Government Code, §403.352, which requires the comptroller to
establish and administer the Jobs and Education for Texans fund as
a dedicated account in the general revenue fund.
§8.21.General Statement of Purpose.
In accordance with the Act, the comptroller establishes the
Jobs and Education for Texans (JET) Grant Program which shall be administered
pursuant to the Act and the rules in this chapter to award grants
from the JET fund for the following purposes:
(1) to develop, support, or expand programs of nonprofit
organizations that meet the requirements of Education Code, §134.005
and Government Code, §403.355, and that prepare low-income students
for careers in high-demand occupations;
(2) for the development of new career and technical
education programs at public junior colleges and public technical
institutes that meet the requirements of Education Code, §134.006
and Government Code, §403.356; and
(3) to provide scholarships for students in career
and technical education programs who meet the requirements of Education
Code, §134.007 and Government Code, §403.357.
§8.22.Notice of Grant Availability and Application.
(a) From time to time, the comptroller may publish
a Notice of Availability (NOA) of grant funds under this chapter.
The notice shall be published in the Texas Register
and on the comptroller's Web site. In addition to
the respective purpose for each grant program under this chapter,
the notice may include:
(1) the total grant funds available for award;
(2) the minimum and maximum amount of grant funds available
for each grant recipient;
(3) eligibility criteria;
(4) application requirements;
(5) grant award and evaluation criteria;
(6) any grant requirements in addition to those set forth in this chapter;
(7) the date by which the application must be submitted
to the comptroller;
(8) the anticipated date of grant awards; and
(9) any other information or instructions necessary
and appropriate for awarding the grant as determined by the comptroller.
(b) To be eligible for a grant award, an applicant
meeting the eligibility criteria identified in the NOA shall submit
an application in the form and manner as prescribed by the comptroller
in the NOA.
(c) The comptroller may request additional information
at any time prior to grant award in order to effectively evaluate
any application.
§8.23.Grant Award and Acceptance.
(a) To award a grant, the comptroller shall provide
a grant contract to the grant recipient that shall contain all the
terms and conditions for the use of the grant funds.
(b) To receive grant funds, an applicant must execute
and return the contract to the comptroller's office.
§8.24.Reporting Requirements.
A public junior college, public technical institute, nonprofit
organization or any other entity receiving a grant under this chapter
must comply with all reporting requirements of the contract in a frequency
and format determined by the comptroller in order to maintain eligibility
for grant payments. Failure to comply with the reporting requirements
may result in termination of the grant award and the entity being
ineligible for future grants under this chapter.
§8.25.Enforcement.
(a) Grant funds must be used in compliance with the
terms of the contract for the purposes designated in the contract
or will be subject to refund by the grantee, disqualification from
receiving further funds under this chapter or any other available
legal remedies. If deemed appropriate, the grantee may also be referred
to another department or agency including, but not limited to, the
Attorney General's Office, the Comptroller's Criminal Investigation
Division, or the Comptroller's Internal Audit Department.
(b) The comptroller or the comptroller's designee may
audit the use of funds.
This agency hereby certifies that the proposal has
been reviewed by legal counsel and found to be within the agency's
legal authority to adopt.
Filed with the Office of the Secretary of State on June 22, 2009.
TRD-200902550
Ashley Harden
Chief Deputy General Counsel
Comptroller of Public Accounts
Earliest possible date of adoption: August 2, 2009
For further information, please call: (512) 475-0387
34 TAC §8.31
The new subchapter is authorized under Education Code, §134.008
and Government Code, §403.358, which provides the comptroller
the authority to adopt rules as necessary for the administration of
the JET program.
The new subchapter implements Education Code, §134.002 and
Government Code, §403.352, which requires the comptroller to
establish and administer the Jobs and Education for Texans fund as
a dedicated account in the general revenue fund.
§8.31.Grants to Nonprofit Organizations.
(a) This subchapter is applicable to the Jobs and Education
for Texans (JET) Grant Program awards to nonprofit organizations to
develop, support, or expand programs of nonprofit organizations that
meet the requirements of Education Code, §134.005 and Government
Code, §403.355, and that prepare low-income students for careers
in high-demand occupations.
(b) The nonprofit organization must meet the following
criteria to be eligible to receive an award:
(1) provide a program to offer assistance to low-income
students in preparing for, applying to, and enrolling in a public
junior college or public technical institute;
(2) be governed by a board or other governing structure
that includes recognized leaders of broad-based community organizations
and members of the local business community;
(3) demonstrate the organization's program has achieved
or will achieve success among program participants in the following
areas, to the extent applicable to the type of program the organization provides:
(A) above average completion of developmental education
among participating public junior college or public technical institute students;
(B) above average persistence rates among participating
public junior college or public technical institute students; and
(C) above average certificate or degree completion
rates by participating students within a three-year period compared
to demographically comparable public junior college and public technical
institute students; and
(4) provide matching funds in accordance with the Act
and this chapter.
(c) To be eligible to receive a grant under JET, a
nonprofit organization must be exempt from federal income taxation
under Internal Revenue Code of 1986, §501(a), as an organization
described by §501(c)(3) of that code. In its application, the
nonprofit organization must provide proof of its federal income taxation
exemption in a format determined by the comptroller.
(d) The comptroller shall not award a grant to:
(1) a nonprofit organization to provide a comprehensive
educational program to students that serves as a substitute for a
regular educational program provided by a school district or open-enrollment
charter school;
(2) a private elementary or secondary school; or
(3) a nonprofit organization that provides services
to an individual who also receives a scholarship awarded by the comptroller
under this chapter.
(e) A grant recipient shall provide the matching funds
as identified in its application.
(1) Matching funds may be obtained from any source
available to the nonprofit organization, including in-kind contributions,
community or foundation grants, individual contributions, and local
governmental agency operating funds.
(2) A grant recipient's matching share may consist
of one or more of the following contributions:
(A) cash;
(B) in-kind contributions;
(C) equipment, equipment use, materials or supplies;
(D) personnel or curriculum development cost; or
(E) administrative costs that are directly attributable to the project.
(3) The matching funds must be expended on the same
project for which the grant funds are provided and valued in a manner
acceptable or as determined by the comptroller.
(f) The comptroller may disburse grants to nonprofit
organizations in one or more payments.
(g) Grants awarded under this subchapter shall be distributed
only upon a showing by the nonprofit organization that the funds awarded
will be used for low income current or prospective students age 18
or older who have graduated from high school or obtained a GED and
that are preparing for, applying to and enrolling in a public junior
college or public technical institute.
(h) Grants awarded under this subchapter shall be awarded
in a manner that takes a balanced geographical distribution into account.
A balanced geographical distribution shall be determined by the comptroller
and notice of balanced geographical distribution considerations shall
be provided in the Notice of Availability (NOA).
This agency hereby certifies that the proposal has
been reviewed by legal counsel and found to be within the agency's
legal authority to adopt.
Filed with the Office of the Secretary of State on June 22, 2009.
TRD-200902551
Ashley Harden
Chief Deputy General Counsel
Comptroller of Public Accounts
Earliest possible date of adoption: August 2, 2009
For further information, please call: (512) 475-0387
In general, it is the board's intent that the
] amount of any
refund shall be the sum of all payments made under the contract for
tuition and required fees, less fees due and payable to the program
under the board's fee schedule and less any amounts paid by the program
pursuant to the prepaid tuition contract prior to the refund.
If a contract is cancelled due to the death of the purchaser or beneficiary
or due to the graduation of the beneficiary from an eligible educational
institution, no cancellation fee will be assessed against the contract.
[(d) Examples of circumstances
under these rules in which refunds may be made include, but are not
limited to, the following.]
CHAPTER 8. JOBS AND EDUCATION FOR TEXANS (JET) GRANT PROGRAM
SUBCHAPTER B. ADVISORY BOARD COMPOSITION, MEETING GUIDELINES
SUBCHAPTER C. GRANT PROGRAM
SUBCHAPTER D. GRANTS TO NONPROFIT ORGANIZATIONS FOR INNOVATIVE AND SUCCESSFUL PROGRAMS
SUBCHAPTER E. GRANTS TO EDUCATIONAL INSTITUTIONS FOR CAREER AND TECHNICAL EDUCATION PROGRAMS