Bill Text: TX SB44 | 2015-2016 | 84th Legislature | Enrolled


Bill Title: Relating to matching private grants given to enhance additional research activities at institutions of higher education.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2015-06-09 - Effective on 9/1/15 [SB44 Detail]

Download: Texas-2015-SB44-Enrolled.html
 
 
  S.B. No. 44
 
 
 
 
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
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