TITLE: Relating to the allocation of funds to eligible institutions under the Texas Educational Opportunity Grant Program.

SUMMARY: Relating to the allocation of funds to eligible institutions under the Texas Educational Opportunity Grant Program.

FULL TEXT:
AN ACT relating to the allocation of funds to eligible institutions under the Texas Educational Opportunity Grant Program. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 56.403, Education Code, is amended by adding Subsection (e) to read as follows: (e) The coordinating board shall consult with representatives of eligible institutions to determine the percentage of the total amount available for initial grants under the program to be allocated to each type of eligible institution for the distribution of initial grants under the program. If the representatives cannot reach a unanimous consensus on the percentage for each allocation, the coordinating board shall allocate 92 percent of the total amount available for initial grants under the program to public junior colleges and allocate the remaining amount to other eligible institutions. This subsection expires August 31, 2018. SECTION 2. The change in law made by this Act applies to the allocations to eligible institutions under Subchapter P, Chapter 56, Education Code, as amended by this Act, beginning with the 2015-2016 academic year. SECTION 3. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.