(a) Authority for this chapter is provided in Subchapter D, §901.155 of the Act, which is titled Scholarship Trust Fund for Accounting Students. This chapter establishes procedures to administer the accounting students scholarship program.     
      (b) The purpose of the accounting students scholarship program is to provide financial assistance to students intending to take the UCPAE conducted for the purpose of obtaining a CPA certificate and thus increase the number of highly trained and educated CPAs available to serve the residents of this state.     
     Source Note:        The provisions of this §520.1 adopted to be effective December 9, 2009, 34 TexReg 8727; amended to be effective April 10, 2013, 38 TexReg 2223; amended to be effective February 8, 2017, 42 TexReg 428; amended to be effective October 4, 2023, 48 TexReg 5667