| |
| |
| |
|
|
AN ACT
|
|
|
relating to matching private grants given to enhance additional |
|
|
research activities at institutions of higher education. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Sections 62.123(a) and (b), Education Code, are |
|
|
amended to read as follows: |
|
|
(a) An eligible institution that receives gifts or |
|
|
endowments from private sources in a state fiscal year for the |
|
|
purpose of enhancing research activities at the institution, |
|
|
including a gift or endowment for endowed chairs, professorships, |
|
|
facilities, equipment, program costs, [or] graduate stipends or |
|
|
fellowships, or undergraduate research, is entitled to receive, out |
|
|
of funds appropriated for the purposes of the program for that |
|
|
fiscal year, a matching grant in an amount determined according to |
|
|
the following rates: |
|
|
(1) 50 percent of the amount of the gifts and |
|
|
endowments, if the total amount of gifts and endowments is $100,000 |
|
|
or more but not more than $999,999; |
|
|
(2) 75 percent of the amount of the gifts and |
|
|
endowments, if the total amount of gifts and endowments is $1 |
|
|
million or more but not more than $1,999,999; or |
|
|
(3) 100 percent of the amount of the gifts and |
|
|
endowments, if the total amount of gifts and endowments is $2 |
|
|
million or more. |
|
|
(b) An eligible institution is not entitled to matching |
|
|
funds under the program for: |
|
|
(1) a gift that has been pledged but has not been |
|
|
received by the institution; |
|
|
(2) a gift for undergraduate scholarships or |
|
|
undergraduate financial aid grants; or |
|
|
(3) any portion of gifts or endowments received by the |
|
|
institution from a single source in a state fiscal year in excess of |
|
|
$10 million. |
|
|
SECTION 2. This Act takes effect September 1, 2015. |
|
|
|
|
|
|
| |
| |
| |
| |
______________________________ |
______________________________ |
| |
President of the Senate |
Speaker of the House |
| |
|
|
I hereby certify that S.B. No. 44 passed the Senate on |
|
|
March 23, 2015, by the following vote: Yeas 31, Nays 0. |
|
|
|
| |
| |
______________________________ |
| |
Secretary of the Senate |
| |
|
|
I hereby certify that S.B. No. 44 passed the House on |
|
|
May 22, 2015, by the following vote: Yeas 135, Nays 5, two |
|
|
present not voting. |
|
|
|
| |
| |
______________________________ |
| |
Chief Clerk of the House |
| |
|
|
|
| |
|
|
Approved: |
|
|
|
|
|
______________________________ |
|
|
Date |
|
|
|
|
|
|
|
|
______________________________ |
|
|
Governor |