Text of section as added by Acts 2023, 88th Leg., R.S., Ch. 378 (H.B. 8), Sec. 8
For text of section as added by Acts 2023, 88th Leg., R.S., Ch. 818 (H.B. 1605), Sec. 49, see other Sec. 48.308.
Sec. 48.308.  ALLOTMENT FOR FINANCIAL AID FOR SWIFT TRANSFER (FAST) PROGRAM.  (a)  In this section:
(1)  "Coordinating board" means the Texas Higher Education Coordinating Board.
(2)  "FAST program" means the Financial Aid for Swift Transfer (FAST) program under Section 28.0095.
(b)  An institution of higher education participating in the FAST program is entitled to an allotment in an amount equal to the amount of tuition set by coordinating board rule under Section 28.0095(d) for each dual credit course in which a student eligible to participate in the FAST program is enrolled at the institution.
(c)  The agency shall transfer the total amount of allotments under this section to the coordinating board for distribution in accordance with Section 28.0095(h).
(d)  The agency and the coordinating board shall coordinate as necessary to implement this section.
(e)  The legislature shall include in amounts appropriated for the Foundation School Program an amount of state aid sufficient for the agency to make the transfer required under Subsection (c).
Added by Acts 2023, 88th Leg., R.S., Ch. 378 (H.B. 8), Sec. 8, eff. September 1, 2023.