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Purpose

Classification  
Depository Interest
Disposition of Balance
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Note

Created per Education Code § 62.071 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.  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(3) 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 UNIVERSITY RESEARCH FUND
Consolidated Fund
State Fund Group 04 - PLEDGED FUNDS
USAS Status I