(a) The minimum performance standards for the calendar year must include:      
        (1) a graduation rate, as defined in §800.504(a) of this subchapter, of at least 50 percent; and       
        (2) a program cost per graduate of $7,000 or less, as calculated pursuant to §800.504(b) of this subchapter.       
      (b) Each year, the Agency shall review data from each participating provider to ensure that the services offered by the provider are meeting the minimum performance standards. If the Agency determines that a provider did not meet the minimum performance standards in the previous calendar year, the Agency shall place the provider on probationary status for the remainder of the current calendar year.     
      (c) The Agency shall remove any provider that does not meet the minimum performance standards for two consecutive calendar years from the provider list published under Texas Labor Code, §317.005.     
     Source Note:        The provisions of this §800.503 adopted to be effective January 25, 2021, 46 TexReg 577