| TO: | Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | SB1560 by Duncan (relating to the national research university fund and the allocation of amounts appropriated from the fund, the abolition of the higher education fund, and the institutional groupings established by the Texas Higher Education Coordinating Board.), Committee Report 1st House, Substituted |
No fiscal implication to the State is anticipated.
Contingent upon voter approval of a Texas Constitutional amendment proposed by the 81st Texas Legislature, this bill would create a new source of funding to enhance research capacity at certain public general academic institutions using the investment earnings of an existing but rededicated fund corpus (i.e., the Permanent Higher Education Fund, which would become the corpus for the National Research University Fund). Annual National Research University Fund allocations to eligible institutions would be based solely on the earnings of the National Research University Fund corpus over time.
| Source Agencies: |
| LBB Staff: | JOB, KK, RT, JAW
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