Tex. Educ. Code Section 62.148
Distribution of Appropriated Funds to Eligible Institutions


(a)

In each state fiscal year, the comptroller shall distribute to eligible institutions in accordance with this subchapter money appropriated from the fund for that fiscal year.

(b)

The total amount appropriated from the fund for any state fiscal year may not exceed an amount equal to 7.0 percent of the average net market value of the investment assets of the fund, as determined by the comptroller, for a period set by comptroller policy.

(c)

The amount appropriated from the fund for distribution in a state fiscal year must be allocated as follows:

(1)

75 percent to the permanent endowment for education and research base funding under Section 62.1481 (Permanent Endowment for Education and Research Base Funding); and

(2)

25 percent to the research performance funding under Section 62.1482 (Research Performance Funding).

(d)

Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff. January 1, 2024.

(e)

Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff. January 1, 2024.

(f)

Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff. January 1, 2024.
Added by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51), Sec. 13, eff. September 1, 2009.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1131 (H.B. 1000), Sec. 3, eff. June 17, 2011.
Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 16, eff. January 1, 2024.
Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20, eff. January 1, 2024.

Source: Section 62.148 — Distribution of Appropriated Funds to Eligible Institutions, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­62.­htm#62.­148 (accessed Mar. 23, 2024).

62.001
Short Title
62.002
Purpose
62.003
Definitions
62.021
Allocations
62.022
Allocation Formula
62.023
Severability
62.024
Amount of Allocation Increased
62.027
Effect of Legislation
62.051
Definitions
62.052
Purpose
62.053
Fund
62.071
Definitions
62.072
Funding
62.073
Rules
62.091
Purpose
62.092
Definitions
62.093
Funding
62.095
Appropriation of Fund to Eligible Institutions
62.096
Verification
62.097
Use of Appropriated Amounts
62.098
Annual Report
62.121
Definitions
62.122
Program Administration
62.123
Matching Grants
62.124
Rules
62.131
Purpose
62.132
Definitions
62.133
Funding
62.134
Appropriation of Fund to Eligible Institutions
62.135
Verification
62.136
Use of Appropriated Amounts
62.137
Annual Report
62.141
Purpose
62.142
Definitions
62.143
Administration and Investment of Fund
62.144
Funding
62.145
Eligibility to Receive Distributions from Fund
62.148
Distribution of Appropriated Funds to Eligible Institutions
62.149
Use of Allocated Amounts
62.150
Institutional Endowment Reporting
62.151
Determination and Report of Amount of Distributions
62.152
Rules
62.161
Definitions
62.162
Administration of Initiative
62.163
Matching Grants to Recruit Distinguished Researchers
62.164
Grant Award Criteria
62.165
Governor’s University Research Initiative Fund
62.166
Winding up of Contracts and Awards in Connection with Texas Emerging Technology Fund
62.167
Confidentiality of Information Concerning Awards from Texas Emerging Technology Fund
62.168
Reporting Requirement
62.169
Advisory Board
62.181
Definitions
62.182
Purpose
62.183
Funding
62.0535
Initial Contribution
62.1335
Eligibility to Receive Distributions from Fund
62.1481
Permanent Endowment for Education and Research Base Funding
62.1482
Research Performance Funding

Accessed:
Mar. 23, 2024

§ 62.148’s source at texas​.gov