Texas Education Code 133.006 – Appropriation and Distribution of Funds
(a) On recommendation of the advisory committee the commission shall adopt formulas and administrative procedures to be used in requesting appropriations of state funds as a budgetary line item for the Apprenticeship System of Adult Career and Technology Education.
(b) At least annually, the commission shall prepare and submit to the Texas Workforce Investment Council or to the Apprenticeship and Training Advisory Committee, as designated by the Texas Workforce Investment Council, a report that includes:
(1) an apprenticeship-related instruction cost study for the most recent state fiscal year; and
(2) the funding distribution for apprenticeship-related instruction programs for the state fiscal year in which the report is submitted.
Terms Used In Texas Education Code 133.006
- 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.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) On recommendation of the advisory committee the commission shall adopt forms, formulas, and administrative procedures for the distribution of available funds to apprenticeship training programs. Distribution formulas must be uniform in application to all local program sponsors.
(d) On recommendation of the advisory committee the commission shall reserve until December 1 of each year a percentage of the funds appropriated under the line item described in this section to be used solely for apprenticeship-related instruction programs. This percentage shall be established by the formulas required by this section. Reserved funds that are not obligated on December 1 may be used for preparatory and supplementary instruction programs as well as related instruction programs.
(e) No funds shall be distributed to a public school district, state postsecondary institution, or apprenticeship committee until the district, institution, or committee has filed all reports required by this chapter and by the commission.