Section 62.148 - [See Note] Distribution of Appropriated Funds to Eligible Institutions(a) In each state fiscal year, the comptroller shall distribute to eligible institutions in accordance with this subchapter money appropriated from the fund for that fiscal year. (b) The total amount appropriated from the fund for any state fiscal year may not exceed an amount equal to 7.0 percent of the average net market value of the investment assets of the fund, as determined by the comptroller, for a period set by comptroller policy . (c) The amount appropriated from the fund for distribution in a state fiscal year must be allocated as follows: (1) 75 percent to the permanent endowment for education and research base funding under Section 1; and (2) 25 percent to the research performance funding under Section 62.1482 .
(d)Repealed by 2023 amendment](e)Repealed by 2023 amendment](f)Repealed by 2023 amendment]Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 1004,Sec. 20, eff. 1/1/2024 if the constitutional amendment proposed by the 88th Legislature, Regular Session, 2023, relating to the Texas University Fund is approved by the voters.Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 1004,Sec. 16, eff. 1/1/2024 if the constitutional amendment proposed by the 88th Legislature, Regular Session, 2023, relating to the Texas University Fund is approved by the voters.Amended by Acts 2011, 82nd Leg., R.S., Ch. 1131, Sec. 3, eff. 6/17/2011.Added by Acts 2009, 81st Leg., R.S., Ch. 287, Sec. 13, eff. 9/1/2009.This section is set out more than once due to postponed, multiple, or conflicting amendments.