Texas Statutes (Last Updated: January 4, 2014) |
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 E. RESEARCH DEVELOPMENT FUND |
Sec. 62.094. FUNDING
Latest version.
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(a) The research development fund consists of the amounts appropriated or transferred to the credit of the fund under this section or other law.
(b) The comptroller shall deposit all interest, dividends, and other income earned from investment of the research development fund to the credit of the fund.
(c) The comptroller may accept gifts or grants from any public or private source for the research development fund.
Added by Acts 2003, 78th Leg., ch. 322, Sec. 2, eff. Sept. 1, 2005. Amended by: Acts 2009, 81st Leg., R.S., Ch. 287 , Sec. 14, eff. September 1, 2009.