(a) For the purposes of calculating the legislative
appropriation required for an individual institution to become TUF-eligible
or to receive Level 1 Base Funding, the legislature must appropriate
an amount to the Texas University Fund not less than the difference
between:
(1) the quotient of:
(A) the market value of the Texas University Fund on
September 1 of the state fiscal year; and
(B) one minus an incoming institution’s percentage
share of the Texas University Fund; and
(2) the market value of the Texas University Fund on
September 1 of the state fiscal year.
(b) For purposes of calculating the legislative appropriation
to become a TUF-eligible institution, an institution’s percentage
share of the Texas University Fund for a state fiscal year shall equal
the following calculation:
(1) If the institution meets the research expenditure
criteria to receive Level 1 Base Funding upon entry, as defined in §15.25
of this subchapter (relating to Permanent Endowment for Education
and Research Base Funding), the percentage share shall equal the share
of Level 1 Base funding an institution would have received in Permanent
Endowment for Education and Research Base Funding, as calculated in §15.25
of this subchapter, had an additional institution been included in
the allocation as a recipient of Level 1 Base Funding.
(2) If the institution does not meet the research expenditure
criteria to receive Level 1 Base Funding upon entry, as defined in §15.25
of this subchapter, the percentage share shall equal the share of
Level 2 Base funding an institution would have received in Permanent
Endowment for Education and Research Base Funding, as calculated in §15.25
of this subchapter, had an additional institution been included in
the allocation as a recipient of Level 2 Base Funding.
(c) For purposes of calculating the legislative appropriation
for a currently TUF-eligible institution to receive Level 1 Base Funding,
an institution’s percentage share of the Texas University Fund
for a state fiscal year shall equal the difference between the share
of Level 1 Base Funding and Level 2 Base Funding an institution would
have received in Permanent Endowment for Education and Research Base
Funding, as calculated in §15.25 of this subchapter, had an additional
institution been included in the allocation as a recipient of Level
1 Base Funding, instead of a recipient of Level 2 Base Funding.
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