Issue Date: 2015-07-22
Revised Date:

Legal Cites

Origin:

S.B. 632, H.B. 26 H.B. 7 and H.B. 6, 84th Leg., R.S.

Purpose

Used to award matching grants to assist eligible institutions in recruiting distinguished researchers. Grant priority is for proposals that involve the recruitment of distinguished researchers in the fields of science, technology, engineering, mathematics, and medicine, and demonstrate a reasonable likelihood of contributing substantially to the state's national and global economic competitiveness.

The fund consists of royalties, revenues, financial benefits or returned money under contracts previously enacted through the defunct Texas Emerging Technology Fund program (GR Account 5124 - Emerging Technology, abolished 9/1/15). Transfers also include unencumbered balances from GR Account 5124 per legislative appropriation. Appropriations, transfers, gifts, grants, and donations may also be deposited to the fund.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Deposited to General Revenue Fund 0001.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

USAS Values

USAS Title GR-ACCT GOVERNOR'S UNIV RESEARCH INITIVE
Consolidated Fund 0001
State Fund Group 01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status A
Used to make general expenditures for the daily operations of state government.