Section 520.5 - Award Amount and Uses for the Accounting Students Scholarship Program(a) Funds awarded through this program may include any gifts, grants and donations of real or personal property from any entity, subject to limitations or conditions set by law, for the purposes of this chapter.(b) Award Amount and Disbursements. (1) The minimum and maximum annual award for a student through this program shall be an amount established by the board and announced to institutions in the allocation announcement sent out for the relevant year.(2) An individual student's scholarship shall be paid out in the form of at least one disbursement per semester.(c) No scholarship disbursed to a student shall be used for any purpose other than for meeting the cost of attending an approved institution.(d) The duration of the scholarship shall be a maximum of three years awarded by semester or term.(e) At the time an award is made to a student, it shall not exceed the student's need.22 Tex. Admin. Code § 520.5
The provisions of this §520.5 adopted to be effective December 9, 2009, 34 TexReg 8728; amended to be effective April 10, 2013, 38 TexReg 2224; Amended by Texas Register, Volume 42, Number 05, February 3, 2017, TexReg 428, eff. 2/8/2017; Amended by Texas Register, Volume 43, Number 15, April 13, 2018, TexReg 2275, eff. 4/18/2018; Amended by Texas Register, Volume 48, Number 30, July 28, 2023, TexReg 4051, eff. 7/14/2023(EMERGENCY); Amended by Texas Register, Volume 48, Number 39, September 29, 2023, TexReg 5668, eff. 10/4/2023; Amended by Texas Register, Volume 49, Number 40, October 4, 2024, TexReg 8088, eff. 10/9/2024