| (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.
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