SRC-AAA C.S.S.B. 1321 75(R)BILL ANALYSIS Senate Research CenterC.S.S.B. 1321 By: Barrientos Finance 4-28-97 Committee Report (Substituted) DIGEST Currently, the Early High School Graduation Scholarship Program administered by the Texas Higher Education Coordinating Board offers $1000 scholarships to students who graduate from Texas public high schools in three years. This bill establishes guidelines regarding the transfer of funds from the Texas Education Agency to the Higher Education Coordinating Board for the Early High School Graduation Scholarship Program. PURPOSE As proposed, C.S.S.B. 1321 establishes guidelines regarding the transfer of funds from the Texas Education Agency to the Higher Education Coordinating Board for the Early High School Graduation Scholarship Program. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 56.207, Education Code, to delete Subsection (a) relating to actions of the Texas Higher Education Coordinating Board (coordinating board). Authorizes the commissioner of education to transfer to the coordinating board from the Foundation School Program an amount sufficient to pay each eligible institution of higher education the amount of state tuition credit applied by the institution during the period covered by the report, rather than reimbursing the coordinating board for amounts disbursed in payment of state tuition credits. Requires the coordinating board to distribute the funds to each eligible institution. SECTION 2. Effective date: September 1, 1997. SECTION 3. Emergency clause. SUMMARY OF COMMITTEE CHANGES SECTION 1. Amends Section 56.207, Education Code, to make nonsubstantive changes.