The following words and terms, when used in this chapter, shall
have the following meanings, unless the context clearly indicates
otherwise.
(1) Auxiliary Enterprise--Activities providing a service
to students, faculty, or staff for a fee directly related to, although
not necessarily equal to, the cost of the service.
(2) Available University Fund (AUF)--A fund established
in Article 7, §18, of the Texas Constitution to receive all interest
and earnings of the Permanent University Fund and used to pay the
debt service on PUF-backed bonds.
(3) Base Year--The semesters comprising the year of
contact hours used for applying the formula funding distribution to
the colleges and universities (usually the summer and fall of even
years and the spring of odd years).
(4) Board or Coordinating Board--The Texas Higher Education
Coordinating Board.
(5) Contact Hour--A time unit of instruction used by
community, technical, and state colleges consisting of 60 minutes,
of which 50 minutes must be direct instruction.
(6) Current Operating Funds--Unrestricted (appropriated)
funds, designated funds, restricted funds, and auxiliary enterprise
funds.
(7) Developmental Coursework--Non-degree-credit courses
designed to address a student's deficiencies.
(8) Developmental Education--Courses, tutorials, laboratories,
or other efforts to bring student skills in reading, writing, and
mathematics to entering college level. English as a Second Language
(ESL) courses may be considered developmental education, but only
when they are used to bring student skill levels in reading or writing
to entering college level. The term as used in this chapter does not
include courses in study skills or thinking skills.
(9) Formula Funding--The method used to allocate appropriated
sources of funds among institutions of higher education.
(10) Functional categories (as defined by National
Association of college and University Business Officers)--Instruction,
research, public service, academic support, student service, institutional
support, operation and maintenance of plant, scholarships and fellowships,
depreciation, auxiliary enterprises, and hospital.
(11) General Academic Teaching Institution--Any college,
university, or institution so classified in Texas Education Code, §61.003(3),
or created and so classified by law.
(12) General Revenue (GR)--State tax revenue
(13) Governmental Accounting Standards Board (GASB)--An
entity created by the Financial Accounting Foundation to set accounting
standards for governmental entities including public institutions
of higher education.
(14) Higher Education Fund (HEF)--A fund established
in Article 7, §17, of the Texas Constitution to fund capital
improvements and capital equipment for institutions not included in
the Permanent University Fund.
(15) Independent institution of higher education--A
private or independent college or university as defined in Texas Education
Code, §61.003(15), that is:
(A) organized under the Texas Non-Profit Corporation
Act;
(B) exempt from taxation under Article VIII, §2,
of the Texas Constitution and §501(c)(3) of the Internal Revenue
Code; and
(C) accredited by the Commission on Colleges of the
Southern Association of Colleges and Schools.
(16) Institution of Higher Education or Institution--Any
public technical institute, public junior college, public senior college
or university, medical or dental unit, public state college, or other
agency of higher education as defined in Texas Education Code, §61.003.
(17) Institutional Expenditures--All costs of activities
separately organized and operated in connection with instructional
departments primarily for the purpose of giving professional training
to students as a necessary part of the educational work of the related
departments.
(18) Institutional Funds--Fees, gifts, grants, contracts,
and patient revenue, not appropriated by the legislature.
(19) Local Funds--Tuition, certain fees, and other
educational and general revenue appropriated by the legislature.
(20) National Association of College and University
Business Officers (NACUBO)--Provides guidance in business operations
of higher education institutions.
(21) Permanent University Fund (PUF)--A fund established
in Article 7, §11, of the Texas Constitution to fund capital
improvements and capital equipment at certain institutions of higher
education.
(22) Public Junior College, Public Technical Institute,
Public State College, or Public Two-Year College--Any public junior
college, public community college, public technical college, or public
state college as defined in Texas Education Code, §61.003.
(23) Semester Credit Hour--A unit of measure of instruction
consisting of 60 minutes, of which 50 minutes must be direct instruction,
over a 15-week period in a semester system or a 10-week period in
a quarter system.
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