Section 62.1335 - [See Note] Eligibility To Receive Distributions From Fund(a) A general academic teaching institution becomes eligible to receive an initial distribution of money appropriated under this subchapter for a state fiscal year if the institution: (1) is entitled to participate in the funding provided by Section 18, Article VII, Texas Constitution; (2) spent on average at least $20 million in federal and private research funds per state fiscal year during the preceding three state fiscal years; and (3) awarded on average at least 45 research doctoral degrees per academic year during the preceding three academic years. (b) A general academic teaching institution that becomes eligible to receive a distribution of money under this subchapter remains eligible to receive a distribution in each subsequent state fiscal year. Tex. Educ. Code § 62.1335
Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 1004,Sec. 8, eff. if the constitutional amendment proposed by the 88th Legislature, Regular Session, 2023, relating to the Texas University Fund is approved by the voters.