The coordinating board may not use funds transferred to it pursuant to this subchapter from one institution to award grants to students of a different institution. Should matching funds be unavailable for an institution, all funds transferred from that institution to the coordinating board shall be returned to that institution.
Tex. Educ. Code § 56.038
RESTRICTIONS AND RETURN OF TRANSFERRED FUNDS
Added by Acts 1975, 64th Leg., p. 2323, ch. 720, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.