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A BILL TO BE ENTITLED
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AN ACT
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relating to the portion of designated tuition required to be set |
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aside to provide student financial assistance at institutions of |
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higher education. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 56.011(a), Education Code, is amended to |
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read as follows: |
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(a) The governing board of each institution of higher |
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education shall cause to be set aside not less than 20 percent of |
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any amount of tuition charged to a resident undergraduate student |
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under Section 54.0513 in excess of $46 per semester credit hour. |
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The funds set aside under this section by an institution shall be |
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used to provide need-based financial assistance for resident |
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undergraduate students enrolled in the institution. |
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SECTION 2. Section 56.012(a), Education Code, is amended to |
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read as follows: |
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(a) The governing board of each institution of higher |
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education shall cause to be set aside not less than 15 percent of |
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any amount of tuition charged to a resident student enrolled in a |
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graduate or professional degree program under Section 54.0513 in |
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excess of $46 per semester credit hour. The funds set aside under |
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this section by an institution shall be used to provide need-based |
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financial assistance for resident students enrolled in graduate and |
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professional degree programs at the institution. |
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SECTION 3. Section 56.465(a), Education Code, is amended to |
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read as follows: |
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(a) The governing board of each institution of higher |
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education shall cause to be set aside five percent of the amount of |
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the tuition charged to a resident undergraduate student at the |
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institution under Section 54.0513 in excess of $46 per semester |
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credit hour. The amount of a student's tuition set aside under this |
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subsection is in addition to [considered a part of] the amount |
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required to be set aside from that tuition under Section 56.011. |
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SECTION 4. (a) The change in law made by this Act to |
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Sections 56.011 and 56.012, Education Code, applies only to |
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financial aid awarded for a semester or term that begins on or after |
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the effective date of this Act, and does not affect a student's |
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right to receive financial aid awarded before the effective date of |
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this Act for any part of the 2007-2008 academic year. |
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(b) The change in law made by this Act to Section 56.465, |
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Education Code, applies beginning with tuition paid for the |
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2007-2008 academic year. The change in law does not affect the |
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amount of tuition set aside under that section for an academic |
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period before the 2007-2008 academic year, and the former law is |
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continued in effect for that purpose. |
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SECTION 5. This Act takes effect September 1, 2007. |