TO: | Honorable Allan Ritter, Chair, House Committee on Economic Development |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB3247 by Ritter (Relating to a program to promote research with economic development potential at certain institutions of higher education through financial assistance from the Texas Enterprise Fund.), As Introduced |
The bill requires the Governor use no less than 10 percent of the amount awarded from the Texas Enterprise Fund in each state fiscal biennium for grants to foster and support alternative research centers. The bill requires the Coordinating Board to develop and implement a grant program to foster and support alternative research centers.
Source Agencies: | 300 Trusteed Programs Within the Office of the Governor, 781 Higher Education Coordinating Board
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LBB Staff: | JOB, JRO, MS, SMi, GO
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