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Texas Education Code - EDUC § 62.148. Distribution of Appropriated Funds to Eligible Institutions

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

(b-1) Expired.

(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;  and

(2) 25 percent to the research performance funding under Section 62.1482.

(d) Repealed by Acts 2023, 88th Leg., ch. 1004 (H.B. 1595), § 20(5), eff. Jan. 1, 2024.

(e) Repealed by Acts 2023, 88th Leg., ch. 1004 (H.B. 1595), § 20(5), eff. Jan. 1, 2024.

(f) Repealed by Acts 2023, 88th Leg., ch. 1004 (H.B. 1595), § 20(5), eff. Jan. 1, 2024.

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Cite this article: FindLaw.com - Texas Education Code - EDUC § 62.148. Distribution of Appropriated Funds to Eligible Institutions - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-62-148/

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