(a) A Texas resident student enrolled in the college is exempt from tuition fees under Section 54.364.
(b) A student who is not a resident of Texas shall pay tuition at a rate that is the lesser of:
(1) the rate provided by this code for a nonresident student enrolled at a general academic teaching institution; or
(2) a rate determined by the board of trustees and the Texas Higher Education Coordinating Board to be the approximate cost to the college, not including room and board, of educating a student during the academic year beginning the next fall.