Texas Education Code 130A.052 – Guaranteed Instruction and Operations Funding Formula
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Terms Used In Texas Education Code 130A.052
- 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.
The amount of a junior college district’s guaranteed instruction and operations funding for a state fiscal year is equal to the sum of:
(1) the product of:
(A) the district’s basic allotment under Section 130A.053; and
(B) the number of weighted full-time equivalent students enrolled at the district determined in accordance with Section 130A.054; and
(2) the district’s contact hour funding under Section 130A.055.