(a) The purposes of this section are:
(1) to ensure that student demand for courses is met; and
(2) to encourage the efficient use of existing instructional facilities while reducing the need for new instructional facilities.
(b) This section applies only to funding for a course provided by:
(1) The University of Texas at Austin;
(2) Texas A&M University; or
(3) Texas Tech University.
(c) To carry out the purposes of this section, for each institution of higher education listed under Subsection (b), the board shall include in the formulas established under Section 61.059 funding in amounts sufficient to cover the institution's revenue loss resulting from any reduction in tuition rates under Section 54.061.
(d) In addition to the funding included under Subsection (c), in the formulas established under Section 61.059, as an incentive for the institutions to reduce tuition rates under Section 54.061, the board may include additional funding that represents a portion of the savings to the state resulting from the institution's efficient use of resources.