|
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise: (1)Commissioner--The Commissioner of Higher Education; as used in this subchapter, "Commissioner" means the agency acting through its executive, and his or her designees, staff, or agents. (2)Coordinating Board--The Texas Higher Education Coordinating Board. (3)Date of Certification--The date the gift was deposited by the institution in a depository bank or invested by the institution as authorized by law. A non-cash gift must be certified as the date the gift is converted to cash, and is considered to have been received on that date. The date of certification must be September 1, 2009 or later. (4)Eligible Funds--Certified gifts for current use or endowment from private sources in a state fiscal year for the purpose of enhancing research activities at the institution, including a gift or endowment for endowed chairs, professorships, research facilities, research equipment, program costs, or graduate research stipends or fellowship. (5)Eligible Public Institution--An institution of higher education designated as an emerging research university under the Coordinating Board's Accountability System. (6)Gift--Including cash, cash equivalents, marketable securities, closely held securities, money market holdings, partnership interests, personal property, real property, minerals, and life insurance proceeds. (7)Ineligible Funds--A gift for undergraduate scholarships or grants, or any portion in excess of $10 million of gifts or endowments received from a single source in a state fiscal year. (8)Institution of Higher Education--As defined in Texas Education Code, §61.003. (9)Private Sources--Any individual or entity that cannot levy taxes and is not directly supported by tax funds. (10)Program--The Texas Research Incentive Program. (11)University-Associated Entity--Is an entity that exists to support the university.
This agency hereby certifies that the proposal has
been reviewed by legal counsel and found to be within the agency's
legal authority to adopt.
Filed with the Office
of the Secretary of State on July 24, 2009
TRD-200903165 Bill Franz
General Counsel
Texas Higher Education Coordinating Board
Proposed date of adoption: October 29, 2009
For further information, please call: (512) 427-6114
|
