| 1 | 1 | | By: Zaffirini S.B. No. 1113 |
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| 2 | 2 | | (Branch) |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to matching private grants given to enhance additional |
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| 8 | 8 | | research activities at institutions of higher education. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Subsections (a) and (b), Section 62.123, |
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| 11 | 11 | | Education Code, are amended to read as follows: |
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| 12 | 12 | | (a) An eligible institution that receives gifts or |
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| 13 | 13 | | endowments from private sources in a state fiscal year for the |
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| 14 | 14 | | purpose of enhancing research activities at the institution, |
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| 15 | 15 | | including a gift or endowment for endowed chairs, professorships, |
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| 16 | 16 | | facilities, equipment, program costs, [or] graduate stipends or |
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| 17 | 17 | | fellowships, or undergraduate research, is entitled to receive, out |
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| 18 | 18 | | of funds appropriated for the purposes of the program for that |
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| 19 | 19 | | fiscal year, a matching grant in an amount determined according to |
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| 20 | 20 | | the following rates: |
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| 21 | 21 | | (1) 50 percent of the amount of the gifts and |
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| 22 | 22 | | endowments, if the total amount of gifts and endowments is $100,000 |
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| 23 | 23 | | or more but not more than $999,999; |
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| 24 | 24 | | (2) 75 percent of the amount of the gifts and |
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| 25 | 25 | | endowments, if the total amount of gifts and endowments is $1 |
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| 26 | 26 | | million or more but not more than $1,999,999; or |
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| 27 | 27 | | (3) 100 percent of the amount of the gifts and |
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| 28 | 28 | | endowments, if the total amount of gifts and endowments is $2 |
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| 29 | 29 | | million or more. |
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| 30 | 30 | | (b) An eligible institution is not entitled to matching |
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| 31 | 31 | | funds under the program for: |
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| 32 | 32 | | (1) a gift that has been pledged but has not been |
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| 33 | 33 | | received by the institution; |
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| 34 | 34 | | (2) a gift for undergraduate scholarships or financial |
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| 35 | 35 | | aid grants; or |
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| 36 | 36 | | (3) any portion of gifts or endowments received by the |
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| 37 | 37 | | institution from a single source in a state fiscal year in excess of |
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| 38 | 38 | | $10 million. |
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| 39 | 39 | | SECTION 2. This Act takes effect September 1, 2013. |
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