(a) Subject to Subsection (b), for each state fiscal biennium, an eligible institution is entitled to receive an amount equal to the sum of: (1) a base amount of $500,000 or a greater base amount provided by appropriation; and(2) the product of $1,000 or a greater amount provided by appropriation and the average number of at-risk students awarded a degree by the institution each year during the three state fiscal years preceding the biennium.(b) An alternative method of allocating funding under this section may be provided by appropriation.Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 186,Sec. 2, eff. 9/1/2021.