Sec. 56.524.  INITIAL ELIGIBILITY FOR GRANT.  (a)  To be eligible initially for a grant under the program, a person must:
(1)  be a resident of this state as determined by coordinating board rules;
(2)  meet financial need requirements as defined by coordinating board rules, including a requirement that the person's expected family contribution for the academic year does not exceed the maximum expected family contribution established for this purpose by the coordinating board;
(3)  be enrolled in a competency-based baccalaureate degree program at an eligible institution;
(4)  not be receiving a TEXAS grant under Subchapter M, a tuition equalization grant under Subchapter F, Chapter 61, or any other state-funded student financial assistance for the same academic period; and
(5)  comply with any additional nonacademic requirement adopted by the coordinating board under this subchapter.
(b)  A person is not eligible to receive a grant under the program if the person has been granted a baccalaureate degree.
(c)  A person's eligibility for a grant under the program ends on the earliest of the following dates:
(1)  the fourth anniversary of the initial award of a grant under the program to the person, if at the time of the initial award the person had earned less than 60 semester credit hours or an equivalent number of competency units or credits toward the person's degree; 
(2)  the second anniversary of the initial award of a grant under the program to the person, if at the time of the initial award the person had earned 60 or more semester credit hours or an equivalent number of competency units or credits toward the person's degree; or
(3)  the date the person receives a baccalaureate degree.
Added by Acts 2023, 88th Leg., R.S., Ch. 754 (H.B. 4005), Sec. 1, eff. June 12, 2023.