(a) Authority. Statutory authority for this subchapter is provided in the Texas Education Code, §61.059(b).
(b) Purposes. The Health-Related Institutions Formula Advisory Committee is created to provide the Board with advice and recommendation(s) regarding a set of formulas that provide appropriate funding levels and financial incentives necessary to best achieve the goals of the state's higher education plan. The committee also performs other duties related to formula funding that the Board finds to be appropriate.

Source Note: The provisions of this §1.171 adopted to be effective December 2, 2013, 38 TexReg 8661