19 Tex. Admin. Code § 15.25 - Permanent Endowment for Education and Research Base Funding
(a) In a state fiscal year, the Coordinating
Board shall confer with the Legislative Budget Board to determine Permanent
Endowment for Education and Research Base Funding for TUF-eligible institutions
based on the following categories:
(1) Level
1 Base Funding for TUF-eligible institutions that are eligible to receive the
maximum allocation of base funding as calculated in subsection (b);
and
(2) Level 2 Base Funding for
TUF-eligible institutions that are not eligible to receive the maximum
allocation of base funding.
(b) A TUF-eligible institution shall receive
Level 1 Base funding if it meets the following criteria:
(1) The institution expended at least $45.0
million in combined Federal Expenditures and Private Expenditures in fiscal
years 2021 and 2022; or
(2) The
institution expends at least $45.0 million in combined Federal Expenditures and
Private Expenditures, adjusted in accordance with subsection (c), per state
fiscal year during the prior two fiscal years and the legislature provides an
appropriation to the Texas University Fund, as defined in §
15.27 of this subchapter (relating
to Percentage Share for Legislative Appropriation).
(c) For the purpose of calculating the
threshold of research funding under subsection (b), beginning in state fiscal
year 2025, and in each subsequent fiscal year, the qualifying amount of
combined Federal Expenditures and Private Expenditures will be adjusted by any
increase in the Consumer Price Index for All Urban Consumers (CPI-U) published
by the United States Department of Labor during the preceding state fiscal
year.
(d) Coordinating Board staff
shall annually publish the threshold of combined Federal Expenditures and
Private Expenditures required for an allocation of funding under subsection
(b)(2).
(e) Once an institution
meets the criteria in subsection (b), an institution remains eligible to
receive Level 1 Base Funding in each subsequent state fiscal year. All other
TUF eligible institutions shall receive Level 2 Base Funding in each state
fiscal year.
(f) TUF-eligible
institutions that are eligible for Level 1 Base funding shall receive the
following share of the Permanent Endowment for Education and Research Base
Funding. Two divided by the sum of:
(1) the
number of TUF-eligible institutions eligible for Level 1 funding multiplied by
two; and
(2) the number of
TUF-eligible institutions that are not eligible to receive Level 1
funding.
(g) Level 2 Base
Funding shall be half the share of Level 1 Base Funding.
(h) The percentage share for Level 1 and
Level 2 Base Funding is then multiplied by the total amount distributed for the
Permanent Endowment for Education and Research to determine each individual
institution's funding amount.
Notes
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