The bill establishes the Texas Promise Grant Program, which is designed to provide financial assistance to eligible students attending public institutions of higher education in Texas. The program is divided into two subchapters: one for Two-Year Programs and another for Four-Year Programs, aimed at covering tuition and mandatory fees for students pursuing associate degrees, certificates, or baccalaureate degrees. The Texas Higher Education Coordinating Board will administer the program, develop necessary rules, and award grants based on specific eligibility criteria, including Texas residency, recent high school graduation, and enrollment in an eligible program. The bill also outlines conditions under which students may lose eligibility, such as felony convictions or prior degree completions, and mandates the creation of informational materials to educate prospective students and their families.

Additionally, the bill specifies that to qualify for the grant, applicants must have an annual household income of less than $150,000 and be enrolled in a baccalaureate degree program. The grant amount is determined based on household income, with provisions for students earning less than $100,000 and those earning $100,000 or more, and grants must be applied to tuition and mandatory fees. Students are limited to receiving grants for a maximum of 150 semester credit hours. The Coordinating Board is also required to begin awarding grants for the 2026-2027 academic year and has the authority to adopt emergency rules for the program's administration.

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