Texas Education Code 62.072 – Funding
(a) For each state fiscal year, the coordinating board shall distribute any performance incentive funds appropriated by the legislature for purposes of this subchapter, and any other funds made available for the purposes of this subchapter, to eligible institutions as follows:
(1) 50 percent to be distributed among eligible institutions in proportion to the increase, if any, in the average number of degrees awarded annually by each institution in the two most recent fiscal years from the average number of degrees awarded annually by that institution in the two fiscal years immediately preceding those fiscal years, using the weights assigned to each degree under the table prescribed by Subsection (b); and
(2) the remaining 50 percent to be distributed among eligible institutions in proportion to the average number of degrees awarded annually by each institution in the three most recent fiscal years, using the weights assigned to each degree under the table prescribed by Subsection (b).
(b) A number of points is assigned for each degree awarded by an eligible institution according to the following table:
| POINTS | |
| Noncritical Field/Not At-Risk Student | 1.0 |
| Noncritical Field/At-Risk Student | 2.0 |
| Critical Field/Not At-Risk Student | 2.0 |
| Critical Field/At-Risk Student | 3.0 |
Terms Used In Texas Education Code 62.072
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.