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Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff.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Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff.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Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff.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

§ 62.148’s source at texas​.gov