Texas Education Code

§ 62.149 — USE OF ALLOCATED AMOUNTS

ED § 62.149Title 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

Statute text

View on source

(a)An eligible institution may use money received under this subchapter only for the support and maintenance of educational and general activities that promote increased research capacity at the institution in a manner that aligns with the goals of the state's master plan for higher education developed under Section 61.051.

(b)For purposes of Subsection (a), the use of money shall be limited to the following permitted activities:

(1)providing faculty support and paying faculty salaries;

(2)purchasing equipment or library materials;

(3)paying graduate stipends;

(4)supporting research performed at the institution, including undergraduate research;

…

Legislative history

Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 18, eff. January 1, 2024.