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Amend CSHB 1, under the Texas Higher Education Coordinating Board's bill pattern, as follows:
On page III-34:
B.1.8. Strategy : STUDENT FINANCIAL AID PROGRAMS
FY 12 $394,823,334 $392,323,334
FY 13 $230,832,641 $228,332,641
On page III-35:
E.1.1. Strategy: DEVELOPMENTAL EDUCATION PROGRAM
FY 12 $0 $2,500,000
FY 12 $0 $2,500,000
On page III-41, amend Rider 20(e) - Student Financial Aid Programs, as follows:
20(e). Student Financial Aid Programs. Out of funds appropriated above in Strategy B.1.8, Student Financial Aid Programs, the Higher Education Coordinating Board shall allocate an amount not less than $14,700,000 $12,200,000 in General Revenue in fiscal year 2012 and $11,500,000 $9,000,000 in fiscal year 2013 and up to $30,000,000 in General Revenue-Dedicated B-On-Time Set Asides Fund No. 5103 in fiscal year 2012 to the B-On-Time Program. The Higher Education Coordinating Board may allocate additional funds from the strategy to this program. The funds provided to the B-On-Time Program are appropriated in accordance with Education Code §§ 56.451-56.465 to provide eligible Texas students forgivable no-interest loans to attend colleges and universities in Texas. All balances in the General Revenue-Dedicated Texas B-On-Time Student Loan Account as of August 31, 2011, up to $40,000,000 (and included above in Method of Financing) are hereby appropriated to the Coordinating Board for the biennium ending August 31, 2013 for the same purpose.