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(a)Purpose. The purpose of this program is to provide matching funds to assist eligible institutions in leveraging private gifts for the enhancement of research productivity and faculty recruitment. (b)Matching Grants. Eligible funds will be matched at the following rates: (1)50 percent of the amount if the total amount of gifts and endowments are at least $100,000, but not more than $999,999; (2)75 percent of the amount if the total amount of gifts and endowments are at least $1 million but not more than $1,999,999; or (3)100 percent of the amount if the total amount of gifts and endowments are $2 million or more. (c)Distribution of Matching Funds. (1)Matching funds will be distributed in order of their date of certification. (2)All eligible funds with the same date of certification will be considered in a block. (3)If there are insufficient funds to match gifts with the same date of certification those gifts will be prorated and any remaining unmatched gifts shall be eligible for matching funds in the following fiscal years using funds appropriated to the program, to the extent funds are available. (d)Certification. In order for the Board to certify a gift, the institution must submit the following information for any gift to be considered eligible: (1)A bank certification showing the amount and name of the donor; (2)Fully executed copy of the donor agreement describing the purpose and the restrictions to meet the definition of eligible funds; and (3)All information must be provided to the Coordinating Board within 30 days of the date of bank certification. (e)Institutions will provide a complete list of all university associated entities.
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
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