(a) Institutions shall retain processed Hazlewood Act initial and subsequent application materials for:      
        (1) at least three years from the student's last date of attendance; or       
        (2) a time period greater than three years from the student's last date of attendance as the institution may direct.       
      (b) Institutions may retain records through electronic means, subject to applicable state and federal record keeping requirements.     
     Source Note:        The provisions of this §461.130 adopted to be effective May 25, 2016, 41 TexReg 3753