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.