| Issue Date: | 2009-11-03 |
|---|---|
| Revised Date: | 2012-05-30 |
Legal Cites
- Education Code sec. 62.143, sec. 62.148
- Texas Constitution art. VII sec. 20(a)
Origin:
2009 by H.B. 51, H.B. 4583, H.J.R. 14, 81st Leg., R.S.
Purpose
To receive disbursements from the National Research University Fund held outside the treasury. The money is to be used by eligible institutions only for the support and maintenance of educational and general activities that promote increased research capacity at the institution. The University of Texas and Texas A&M University are ineligible to receive money from the fund.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Returned to the National Research University Fund |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
The Constitution requires money in the Permanent Higher Education Fund (0346) to be transferred to the National Research University Fund on January 1, 2010. Money may not be appropriated or distributed from the research fund before September 1, 2011. This fund was originally set up as the National Research University Fund (NRUF). It was renamed and the purpose changed because the NRUF is actually a fund outside the treasury. The change was effective 5/30/12.
USAS Values
| USAS Title | AVAILABLE TEXAS UNIVERSITY FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
| USAS Status | A |
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.