78S40976 KSD-D
By: Rose H.B. No. 69
A BILL TO BE ENTITLED
AN ACT
relating to the use of certain tuition set-asides to provide
financial aid to students not receiving other need-based aid.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 56.011, Education Code, is amended to
read as follows:
Sec. 56.011. RESIDENT UNDERGRADUATE STUDENT ASSISTANCE.
(a) The governing board of each institution of higher education
shall cause to be set aside not less than 20 percent of any amount of
tuition charged to a resident undergraduate student under Section
54.0513 in excess of $46 per semester credit hour. The funds set
aside under this section by an institution shall be used to provide
financial assistance for resident undergraduate students enrolled
in the institution who meet the eligibility criteria described by
Subsection (b).
(b) A student is [To be] eligible for assistance under this
section only if:
(1) the [, a] student establishes [must establish]
financial need in accordance with rules and procedures established
by the Texas Higher Education Coordinating Board; and
(2) the student's [. Priority shall be given to
students who meet the coordinating board definition of financial
need and whose] cost for tuition and required fees is not met
through other non-loan financial assistance programs.
(c) The financial assistance provided under this section
may include grants, scholarships, work-study programs, [student
loans,] and student loan repayment assistance.
SECTION 2. This Act applies beginning with the 2004 fall
semester.
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. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect on the 91st day after the last day of the
legislative session.