Texas Education Code - Section 74.004. Centennial Scholars Matching Fund
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Texas Laws > Education Code > Texas Education Code - Section 74.004. Centennial Scholars Matching Fund
Section: 73.501 73.502 73.503 73.504 74.001 74.002 74.003 74.004 74.005 74.006 74.007 74.008 74.101 74.102 74.103
§ 74.004. CENTENNIAL SCHOLARS MATCHING FUND. (a) The
Centennial Scholars Matching Fund is created at the medical branch
to recognize the historic role the medical branch has played in
contributing to medical research and scholarship and to encourage
the further development of that role by enhancing the recruitment
and retention of eminent medical scholars and researchers.
(b) The fund shall consist of gifts, grants, and donations
from private sources, appropriations from the legislature, and
income earned on money in the fund.
(c) The legislature may appropriate to the fund an amount
not to exceed the amount of gifts, grants, and donations paid to the
fund from private sources during the preceding biennium. The
legislature shall not appropriate any state funds to the fund after
the year 1992.
(d) The medical branch shall report to the Legislative
Budget Board in December of each even-numbered year all eligible
gifts, grants, and donations paid to the fund from private sources
during the biennium.
Added by Acts 1989, 71st Leg., ch. 928, § 1, eff. June 14, 1989.
Last modified: August 11, 2007