Tex. Educ. Code § 62.149 · Subchapter G. TEXAS UNIVERSITY FUND
USE OF ALLOCATED AMOUNTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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;
(5) increasing technology transfer, commercialization, and patent development; and
(6) increasing the number of research doctoral graduates in this state.
(c) Money received in a fiscal year by an institution under this subchapter that is not used in that fiscal year by the institution may be held and used by the institution in subsequent fiscal years for the purposes prescribed by this section.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51), Sec. 13, eff. September 1, 2009.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 18, eff. January 1, 2024.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.62.htm
- Text hash
- sha256 d2926d359b8cb972139b9580c1741c3d4f3043b24dc761b6fb2bd59a0956a963
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.