Sec. 61.933. FUNDING OF RESIDENCY PRECEPTOR POSITIONS

(a) A college of pharmacy may apply and receive a grant under this section to support full-time faculty members who are residency preceptors supervising accredited pharmacy residencies.

(b) The advisory committee shall recommend to the board an allocation of residency preceptor positions that are to receive funds under this section.

(c) An allocation of funds under this section must take into account the following factors:

(1) the faculty-student ratio in community pharmacy residencies at each applicant college of pharmacy;

(2) the length of time a budgeted residency preceptor position has gone unfilled and whether the position is a new residency preceptor position; and

(3) other factors determined by the board.

(d) Once funds are granted to support a residency preceptor position affiliated with a college of pharmacy, the board shall continue to grant funds to support that position for a period not to exceed one additional calendar year. After that time, the college shall provide an amount equal to the annualized amount of the grant in its operating budget to maintain the level of compensation for the position for two years after the grant period has ended.

(e) The board may use not more than 10 percent of the total amount appropriated for the pharmacy residency program under this subchapter to fund residency preceptor positions under this section.

(f) The board may solicit, receive, and spend grants, gifts, and donations from public and private sources for purposes of this section.

Added by Acts 1999, 76th Leg., ch. 1243, Sec. 1, eff. Sept. 1, 1999. Renumbered from Education Code Sec. 61.863 by Acts 2003, 78th Leg., ch. 1275, Sec. 2(41), eff. Sept. 1, 2003.