87R611 MM-D
 
  By: Powell S.B. No. 371
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to matching private grants given to enhance additional
  research activities at public institutions of higher education.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 62.123(a), Education Code, is 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, 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:
                     (A)  the total amount of gifts and endowments is
  $2 million or more; or
                     (B)  the research activities to be enhanced
  include, at a level determined by coordinating board rule, research
  occurring in any of the following areas:
                           (i)  epidemiology;
                           (ii)  methods of diagnostic medical testing;
                           (iii)  methods of medical treatment;
                           (iv)  the development or delivery of medical
  assistive technology or devices; or
                           (v)  the development or delivery of
  pharmaceuticals or vaccines.
         SECTION 2.  This Act takes effect September 1, 2021.