(a) - (b)(No change.)
(c) Definitions. The following words and terms, when
used in this subchapter, shall have the following meanings, unless
the context clearly indicates otherwise.
(1) - (2)(No change.)
(3)Eligible Funds--Gifts or endowments certified on
or after September 1, 2009, to an eligible public institution 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 fellowships, or undergraduate research. These include [
Including] gifts that are bundled from a private source. All
gifts, cash and non-cash, must have been originally donated for research
purposes.
(4) - (5)(No change.)
(6)Ineligible Funds--A gift for undergraduate scholarships
or undergraduate financial aid grants, bundled gifts, or
any portion in excess of $10 million of gifts or endowments received
from a single source in a state fiscal year or gifts that are bundled
by a [an] university [universities]-associated
entity.
(7) - (8)(No change.)
(9)University-Affiliated Entity--An entity whose sole
purpose is to support the mission or programs of the university.
(d) - (h)(No change.)
The agency certifies that legal counsel has reviewed
the proposal and found it to be within the state agency's legal authority
to adopt.
Filed with the Office
of the Secretary of State on October 19, 2015
TRD-201504442 Bill Franz
General
Counsel
Texas Higher Education Coordinating Board
Earliest possible date of adoption: November 29, 2015
For further information, please call: (512) 427-6114
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