Section 13.626 - Schedule and Composition of Payments for Fiscal Year 2026(a) Non-Formula Support Items. For the purpose of distributing state appropriations to a public junior college in fiscal year 2026, the Coordinating Board shall distribute the full amounts of all fiscal year 2026 non-formula support items appropriated to the institution to in accordance with the provisions of the General Appropriations Act in effect for the biennium by September 25, 2025, or on a date as required by the General Appropriations Act. The Coordinating Board shall recover any overallocation or adjust any installment required to comply with state law or Board rules.(b) Formula Funding Amounts: Fall. For the purpose of distributing state appropriations to a public junior college in fiscal year 2026, the Coordinating Board shall distribute to each district by October 15, 2025: (1) FY 2026 Foundation Payment: one-half of the foundation payment the Coordinating Board determines the district may be entitled to receive in fiscal year 2026, including: (A) Base tier funding for fiscal year 2026;(B) performance tier funding calculated using funding certified performance outcomes data from fiscal year 2024 and performance outcomes for fiscal years 2025 and 2026 forecasted pursuant to §13.624 of this subchapter (relating to Forecasting Fundable Outcomes).(2) Projected FY 2025 Settle-Up: the Coordinating Board shall add the full amount, including if such amount is a negative number, of: (A) fiscal year 2025 performance tier funding calculated using fundable certified performance outcomes data from fiscal years 2023 and 2024 and performance outcomes for fiscal year 2025 forecasted pursuant to §13.624 of this subchapter; minus(B) the sum of performance tier funding payments made under the fiscal year 2025 foundation payments and dynamic adjustment.(c) Formula Funding Amounts: Spring. For the purpose of distributing state appropriations to a public junior college district in fiscal year 2026, the Coordinating Board shall distribute to each district by February 15, 2026:(1) FY 2026 Foundation Payment: one-quarter of the foundation payment as described in (b)(1) of this subsection.(2) FY 2026 Dynamic Adjustment: the full positive amount by which fiscal year 2026 performance tier funding of the foundation payment as described in (b)(1) of this subsection is less than a calculation of performance tier funding using: (A) funding certified performance outcomes data from fiscal year 2024;(B) preliminary outcomes data from fiscal year 2025; and(C) Performance outcomes for all other required data elements for fiscal years 2025 and 2026 forecasted pursuant to §13.624 of this subchapter.(3) FY 2025 Settle-Up Adjustment: the full positive amount of the difference between:(A) fiscal year 2025 performance tier funding calculated using: (i) fundable certified performance outcomes data from fiscal years 2023 and 2024;(ii) preliminary outcomes from fiscal year 2025; and(iii) performance outcomes for all other elements for fiscal year 2025 forecasted pursuant to §13.624 of this subchapter; minus(B) the sum of performance tier funding payments made under the fiscal year 2025 foundation payments, the fiscal year 2025 dynamic adjustment, and the projected fiscal year 2025 settle-up.(d) Formula Funding Amounts: Summer. For the purpose of distributing state appropriations to a public junior college district in fiscal year 2026, the Coordinating Board shall distribute to each district by June 15, 2026, one-quarter of the FY 2026 foundation payment as described in (b)(1) of this subsection.(e) The Commissioner of Higher Education may modify any installment under this schedule as necessary to provide an institution with the amounts to which the institution is entitled under Texas Education Code, chapters 130 and 130A, the General Appropriations Act, a supplemental appropriations act, or chapter 13 of this title (relating to Financial Planning).19 Tex. Admin. Code § 13.626
Adopted by Texas Register, Volume 49, Number 32, August 9, 2024, TexReg 5978, eff. 8/15/2024