{"data":{"id":"us-tx/tex.-education-code-62.148","jurisdiction":"us-tx","citation":"Tex. Education Code § 62.148","heading":"DISTRIBUTION OF APPROPRIATED FUNDS TO ELIGIBLE INSTITUTIONS.","body":"(a) In each state fiscal year, the comptroller shall distribute to eligible institutions in accordance with this subchapter money appropriated from the fund for that fiscal year.\n(b) The total amount appropriated from the fund for any state fiscal year may not exceed an amount equal to 7.0 percent of the average net market value of the investment assets of the fund, as determined by the comptroller, for a period set by comptroller policy.\n(c) The amount appropriated from the fund for distribution in a state fiscal year must be allocated as follows:\n(1) 75 percent to the permanent endowment for education and research base funding under Section 62.1481; and\n(2) 25 percent to the research performance funding under Section 62.1482.\n(d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff. January 1, 2024.\n(e) Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff. January 1, 2024.\n(f) Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20(5), eff. January 1, 2024.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51), Sec. 13, eff. September 1, 2009.\nAmended by:\nActs 2011, 82nd Leg., R.S., Ch. 1131 (H.B. 1000), Sec. 3, eff. June 17, 2011.\nActs 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 16, eff. January 1, 2024.\nActs 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 20, eff. January 1, 2024.","path":["EDUCATION CODE","TITLE 3. HIGHER EDUCATION","SUBTITLE B. STATE COORDINATION OF HIGHER EDUCATION","CHAPTER 62. CONSTITUTIONAL AND STATUTORY FUNDS TO SUPPORT INSTITUTIONS OF HIGHER EDUCATION","SUBCHAPTER G. TEXAS UNIVERSITY FUND"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.62.htm#62.148","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"d80bdd28c73b80d427016ef9f372327aaeba13f4efc0b2dc8156ad336c644760","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-62.145","next":"us-tx/tex.-education-code-62.1481"},"notice":"GroundRules: Original legal text. Not legal advice."}