Sec. 61.9627.  DISBURSEMENT AND ACCOUNTING OF APPROPRIATED FUNDS.  (a)   The board shall adopt procedures for assuring that money appropriated by the legislature specifically to fund enrollment growth in a professional nursing program is:
(1)  distributed in a timely manner, including the forfeiture and reallocation of money if an institution fails to provide in a timely manner the information required for the money to be disbursed and if that failure prevents the timely disbursement of money to other institutions;  and
(2)  expended on the professional nursing program by institutions receiving the money.
(b)  The procedures adopted under Subsection (a) must require each professional nursing program receiving money to file a report annually with the board accounting for all money received.
Added by Acts 2003, 78th Leg., ch. 728, Sec. 1, eff. June 20, 2003.