Texas Education Code - Section 62.0951. Apportionment Of Fund In 2006-2007 Fiscal Biennium
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§ 62.0951. APPORTIONMENT OF FUND IN 2006-2007 FISCAL
BIENNIUM.
Text of section effective until January 1, 2008
(a) This section applies to the apportionment of the
research development fund in each state fiscal year of the state
fiscal biennium ending August 31, 2007.
(b) In a state fiscal year to which this section applies, if
under the apportionment method prescribed by Section 62.095 an
eligible institution that received money from the university
research fund in the state fiscal year ending August 31, 2005, would
be entitled to receive from the research development fund an amount
that is less that 50 percent of the amount distributed to the
institution from the university research fund in the state fiscal
year ending August 31, 2005, the comptroller shall increase the
amount apportioned to that institution from the research
development fund to an amount equal to 50 percent of the amount
distributed to the institution from the university research fund in
the state fiscal year ending August 31, 2005.
(c) After apportioning the amount prescribed by Subsection
(b) to each eligible institution to which Subsection (b) applies,
the comptroller shall apportion the remaining amount to be
distributed from the research development fund in that fiscal year
to the remaining eligible institutions in proportion to the amounts
the institutions would be entitled to receive in that fiscal year
under the apportionment method prescribed by Section 62.095.
(d) This section expires January 1, 2008.
Added by Acts 2003, 78th Leg., ch. 322, § 2, eff. Sept. 1, 2005.
Section: 62.026 62.027 62.091 62.092 62.093 62.094 62.095 62.0951 62.096 62.097 62.098 63.001 63.002 63.003 63.004
Last modified: August 10, 2007
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