Texas Register
TITLE 19 EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 15NATIONAL RESEARCH UNIVERSITIES
SUBCHAPTER AGENERAL PROVISIONS
RULE §15.10Texas Research Incentive Program (TRIP)
ISSUE 08/19/2011
ACTION Proposed
Preamble Texas Admin Code Rule
(a) - (b)(No change.)

(c)Definitions

  (1) - (4)(No change.)

  (5)Gift--A contribution received by an institution for use in the furtherance of the institution for which the institution has made no commitment of resources or services other than committing to use the gift as the donor specifies. Gifts include [Including ] cash, cash equivalents, marketable securities, closely held securities, money market holdings, partnership interests, personal property, real property, minerals, and life insurance proceeds.

  (6) - (9)(No change.)

(d) - (g)(No change.)

(h)If for any reason any portion of a donation matched by this program is returned to the donor or for any other reason is no longer eligible for matching, the institution must take the following actions within 30 days of the change:

  (1)The institution must notify the Board as to the amount and date of the change; and

  (2)The institution must repay the match to the Board. In the event that only a portion of the donation is no longer eligible for matching, the institution may only retain the portion of the match that corresponds to the portion of the donation that remains eligible for matching.

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 August 5, 2011

TRD-201102989

Bill Franz

General Counsel

Texas Higher Education Coordinating Board

Proposed date of adoption: October 27, 2011

For further information, please call: (512) 427-6114

 

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