Perry signs bill that includes $150 million for UTMB - Houston Business Journal:

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The university will use the fundd to build anew 200-bed hospital tower adjacent to the existing John Sealyg Hospital, restoring bed capacity to 550, as it was priotr to Hurricane Ike. In addition, tuition revenu e bonds of $5 million will go to at Galveston. HB 51 also establishex measures to enhance and maintain the quality ofthe state’z designated and emerging public research creates incentive programs and funding for higher educatiomn institutions, provides higher education fund allocations, and createes an interim committee to study the feasibility of trackinyg specialized technology research projects.
Of the 62 national researchb institutions inthe nation, three universitieds — , The and Texas A&M University — are in The Texas Higher Educatiojn Coordinating Board has designated seven institutions as emergin g research universities: the ; the University of Texas campusesw in Arlington, Dallas, El Paso and San Antonio; ; and the Universituy of North Texas. In HB 51 provides a performance incentive funding mechanism for all ofthe state’sz general academic institutions based on the average number of degreexs awarded annually and an increase in the average number of degrees awarded annually, with weighted consideratio for at-risk students and critical fields.