(a) A person who registers at an institution of higher education without having established resident status in this state under § 54.052 is entitled to pay tuition and required fees at the rate provided for residents of this state if:
(1) the person or, as determined by coordinating board rule, an adult member of the person’s family who resides in the person’s household and is a primary caretaker of the person establishes by the institution’s enrollment date a residence in this state as a result of the person’s or caretaker’s employment by a business or organization that, not earlier than five years before the enrollment date, became established in this state as part of the program of state economic development and diversification authorized by the law of this state; and
(2) the person files with that institution of higher education a letter of intent to establish residency in this state.
(b) The Texas Higher Education Coordinating Board, in consultation with the Texas Economic Development and Tourism Office, shall establish procedures to determine:
(1) whether a business or organization meets the requirements of this section; and
(2) the date on which the business or organization became established in this state as part of the program of state economic development and diversification.