This fund is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated funds may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date:
Revised Date:

Legal Cites

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Note

Created per TEX. EDUC. CODE ANN. § 62.053 in 2001 by H.B. 1839 and H.B. 3088, 77th Leg., R.S. to provide funding to promote increased research capacity and to develop institutional excellence at eligible general academic teaching institutions in order to ensure that Texas and its workforce remain at the forefront of scientific and technological innovation. The fund consisted of appropriations, gifts or grants and depository interest. Expired 8-31-05 by its own terms and Acts 2003, 78th Leg., ch 322 § 4(2) purported to repeal the expired section effective 9-1-05. The Legislature attempted to create the Research Development Fund as a replacement, however it was not exempted in H.B. 3318, the funds consolidation bill, and was abolished.

USAS Values

USAS Title TEXAS EXCELLENCE FUND
Consolidated Fund
State Fund Group 04 - PLEDGED FUNDS
USAS Status I