# 19 Tex. Admin. Code § 13.477: 19 TAC § 13.477. Close Out

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_477

## Section

- **Citation:** 19 Tex. Admin. Code § 13.477
- **Heading:** 19 TAC § 13.477. Close Out
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 19 EDUCATION / Part 1 TEXAS HIGHER EDUCATION COORDINATING BOARD / Chapter 13 FINANCIAL PLANNING / 19 TAC § 13.477

## Text

(a) On October 1 of each year, the Coordinating Board
 shall close out the prior fiscal year (FY) by reviewing, reconciling,
 and verifying distributions of formula funding to public junior colleges
 in the prior fiscal year.
(1) As applicable, the Coordinating Board shall adjust
 a public junior college's first payment under subsection (b) of this
 section by an amount necessary to deliver the correct funding owed
 to the public junior college under Texas Education Code, Chapters
 130 and 130A, or this subchapter for the prior fiscal year.
(2) The Coordinating Board will determine the correct
 funding for a public junior college based on the final certified data
 reported by the institution that serves as the basis of formula funding
 for that year, as provided by this chapter.
(3) This close out process may result in additional
 or reduced funding to the college based on the reported data and funding
 delivered for the fiscal year that is being closed out.
(b) If the Commissioner of Higher Education in his
 or her sole discretion determines that an adjustment under subsection
 (a) of this section will have a substantial negative impact on the
 operations of the institution or the education of students, the Coordinating
 Board may correct the institution's funding by recovering payments
 as an overallocation pursuant to subchapter R, §13.528(d)(1)
 or (2) of this chapter (relating to Recovery of Overallocated Funds).
 For the purpose of FY24, the Coordinating Board will not adjust formula
 funding for a public junior college for a fiscal year subsequent to
 close out except as set out in this section and subchapter R of this
 chapter (relating to State Public Junior College Finance Program Reporting,
 Audit, and Overallocation).

## Nearby sections

- [19 Tex. Admin. Code § 13.470 19 TAC § 13.470. Purpose and Effective Date](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_470.md)
- [19 Tex. Admin. Code § 13.471 19 TAC § 13.471. Authority](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_471.md)
- [19 Tex. Admin. Code § 13.472 19 TAC § 13.472. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_472.md)
- [19 Tex. Admin. Code § 13.473 19 TAC § 13.473. Base Tier Allotment](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_473.md)
- [19 Tex. Admin. Code § 13.474 19 TAC § 13.474. Performance Tier Funding](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_474.md)
- [19 Tex. Admin. Code § 13.475 19 TAC § 13.475. Formula Transition Funding](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_475.md)
- [19 Tex. Admin. Code § 13.476 19 TAC § 13.476. Payment Schedule](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_476.md)
- [19 Tex. Admin. Code § 13.477 19 TAC § 13.477. Close Out](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_477.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P1_C13_S13_477. Check the current official text before relying on it. Not legal advice.