Bill Text: TX HB2765 | 2013-2014 | 83rd Legislature | Engrossed
Bill Title: Relating to the creation of the Texas competitive knowledge fund to support excellence at qualifying institutions of higher education.
Sponsorship: Partisan Bill (Republican 4)
Status: (Engrossed - Dead) 2013-05-10 - Referred to Higher Education [HB2765 Detail]
Download: Texas-2013-HB2765-Engrossed.html
| By: Branch, Otto, Pitts, Villalba | H.B. No. 2765 | |
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| relating to the creation of the Texas competitive knowledge fund to | ||
| support excellence at qualifying institutions of higher education. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter C, Chapter 62, Education Code, is | ||
| amended to read as follows: | ||
| SUBCHAPTER C. TEXAS COMPETITIVE KNOWLEDGE [ |
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| Sec. 62.051. DEFINITIONS. In this subchapter: | ||
| (1) "Eligible institution" means an institution of | ||
| higher education that: | ||
| (A) is designated as a research university [ |
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| accountability system and, for any three consecutive state fiscal | ||
| years beginning on or after September 1, 2010, made total annual | ||
| research expenditures in an average annual amount of not less than | ||
| $450 million; or | ||
| (B) is designated as an emerging research | ||
| university under the coordinating board's accountability system | ||
| and, for any three consecutive state fiscal years beginning on or | ||
| after September 1, 2010, made total annual research expenditures in | ||
| an average annual amount of not less than $50 million. | ||
| (2) "Fund" means the Texas competitive knowledge fund. | ||
| (3) "Institution of higher education" has the meaning | ||
| assigned by Section 61.003. | ||
| Sec. 62.052. PURPOSE. The purpose of this subchapter is to | ||
| provide funding to eligible research universities and emerging | ||
| research universities to support faculty to ensure excellence in | ||
| instruction and research [ |
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| Sec. 62.053. FUND [ |
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| knowledge fund consists of money [ |
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| legislature for the purposes of this subchapter[ |
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| eligible institutions [ |
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| (b) For purposes of this section [ |
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| amount of total research funds expended by an eligible institution | ||
| in a state fiscal year is the amount of those funds as reported to | ||
| the coordinating board by the institution for that fiscal year, | ||
| subject to any adjustment by the coordinating board in accordance | ||
| with the standards and accounting methods the coordinating board | ||
| prescribes for purposes of this section. [ |
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| Sec. 62.0535. INITIAL CONTRIBUTION. For the first state | ||
| fiscal biennium in which an eligible institution receives an | ||
| appropriation under this subchapter, the institution's other | ||
| general revenue appropriations shall be reduced by an amount not to | ||
| exceed the lesser of $5 million for the biennium or the amount of | ||
| the institution's appropriation under this subchapter for the | ||
| biennium. The bill making the appropriation must expressly | ||
| identify the purpose for which the appropriations were reduced in | ||
| accordance with this section. | ||
| Sec. 62.054. APPROPRIATION AMOUNTS [ |
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| total amount appropriated for purposes of this subchapter in a | ||
| state fiscal year, an eligible institution is entitled to receive | ||
| an appropriation in the amount determined in accordance with this | ||
| section. | ||
| (b) Not less than 50 percent of the total amount | ||
| appropriated for purposes of this subchapter shall be appropriated | ||
| to eligible institutions described by Section 62.051(1)(A). Each | ||
| institution is entitled to receive a share of that amount in | ||
| proportion to the average amount of total research funds expended | ||
| by each institution annually during the three fiscal years | ||
| preceding the state fiscal biennium for which the money is | ||
| appropriated. | ||
| (c) The remainder of the total amount appropriated for | ||
| purposes of this subchapter shall be appropriated to eligible | ||
| institutions described by Section 62.051(1)(B). Each institution | ||
| is entitled to receive a share of that amount in proportion to the | ||
| average amount of total research funds expended by each institution | ||
| annually during the three fiscal years preceding the state fiscal | ||
| biennium for which the money is appropriated. [ |
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| SECTION 2. This Act takes effect September 1, 2013. | ||
