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.