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Floor Packet Page No. 300                                                   



The University of Texas-Pan American

Center for Entrepreneurship and Economic Development (CEED)
	Prepared by LBB Staff, 4/7/03

	
Overview                                                              
	This new contingency rider would restore funding for the 
special item to 2002-03 general revenue funding level.  The 
additional revenue would be contingent on the Comptroller of Public 
Accounts certifying that increased activity by the Center would 
generate at least the same amount of additional revenue to the 
General Revenue Fund.
	The Center for Entrepreneurship and Economic Development 
(CEED) at The University of Texas-Pan American serves as a catalyst 
for economic development through provision of information, 
management and technical assistance to entrepreneurs and public 
officials.  CEED has provided one-on-one counseling to 1,447 
businesses and training to 1,365 individuals in South Texas 
resulting in the creation/retention of 151 jobs and a capital 
formation of $9,313,636 (biennium-to-date).  CEED uses state 
appropriations to match $354,426 in grants from the federal 
government and generate indirect cost recovery.
	Required Actions                                                        
	On page III-69 of CSHB 1 of the bill pattern for The 
University of Texas-Pan American:
	1. Increase general revenue funding in Strategy C.3.1.  
Economic Development by $17,535 in FY 2004 and $17,535 in FY 2005.
	On page III-69 of CSHB 1 of the bill pattern for The 
University of Texas-Pan American add the following new rider:
	_____. Center for Entrepreneurship and Economic Development. 
Included in the appropriation above to The University of Texas-Pan 
American in Strategy C.3.1. Economic Development is $17,535 in each 
year of the biennium for the Center for Entrepreneurship and 
Economic Development contingent upon certification by the 
Comptroller of Public Accounts that increased activity by the 
Center will generate at least $35,750 for the biennium in 
additional revenue to the General Revenue Fund.