Texas Education Code

§ 62.1481 — PERMANENT ENDOWMENT FOR EDUCATION AND RESEARCH BASE FUNDING

ED § 62.1481Title 3. HIGHER EDUCATION · Part B. STATE COORDINATION OF HIGHER EDUCATION · Ch. 62. CONSTITUTIONAL AND STATUTORY FUNDS TO SUPPORT INSTITUTIONS OF HIGHER EDUCATION · Art. G. TEXAS UNIVERSITY FUND

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(a)For each state fiscal year, an eligible institution is entitled to a distribution of a portion of the total amount allocated for the permanent endowment for education and research base funding under Section 62.148(c)(1) for that fiscal year. The portion to which an eligible institution is entitled is a fraction computed as follows:

(1)subject to Subsection (c), for an institution that spent at least the amount determined under Subsection (b) in federal and private research funds in each of the preceding two state fiscal years, an amount computed by dividing two by the sum of:

(A)the number of institutions entitled to receive a distribution under this subdivision multiplied by two; and

(B)the number of institutions to which Subdivision (2) applies; or

(2)for an institution not described by Subdivision (1), half the amount to which an institution to which Subdivision (1) applies is entitled.

(b)For purposes of Subsection (a)(1), the minimum amount in federal and private research funds required to be spent in each of the preceding two state fiscal years is:

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Legislative history

Added by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 17, eff. January 1, 2024.