Amend SB 1227 by adding a new Sections __, __, and __ to read
as follows and renumbering the subsequent sections accordingly:
SECTION __. Section 56.310, Education Code, is amended by
amending Subsection (a) and adding Subsection (c) to read as
follows:
(a) The coordinating board may solicit and accept gifts,
[and] grants, and donations from any public or private source for
the purposes of this subchapter.
(c) In performing its duties under Subsection (a), the
coordinating board may develop and implement an appropriate process
for the naming and sponsoring of the program created under this
subchapter, an individual grant awarded under this subchapter, or
any item received by the coordinating board under Subsection (a).
SECTION __. Subsection (a), Section 56.302, Education Code,
is amended to read as follows:
(a) Except as provided under Section 56.310(c), the [The]
student financial assistance program authorized by this subchapter
is known as the Toward EXcellence, Access, & Success (TEXAS) grant
program, and an individual grant awarded under this subchapter is
known as a TEXAS grant.
SECTION __. The Texas Higher Education Coordinating Board
shall:
(1) study alternative methods of funding the Toward
EXcellence, Access, & Success (TEXAS) grant program created under
Subchapter M, Chapter 56, Education Code; and
(2) not later than September 1, 2006, report to the
Legislative Oversight Committee on the TEXAS grant program and
Teach for Texas grant program concerning the results of the study.