Texas § ED.62.148 - DISTRIBUTION OF APPROPRIATED FUNDS TO ELIGIBLE INSTITUTIONS
Full text of Texas The Texas Constitution § ED.62.148 — DISTRIBUTION OF APPROPRIATED FUNDS TO ELIGIBLE INSTITUTIONS, with citation guidance and answers to common questions.
§ ED.62.148. DISTRIBUTION OF APPROPRIATED FUNDS TO ELIGIBLE INSTITUTIONS
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 62.1481 ; and (2) 25 percent to the research performance funding under Section 62.1482 . (d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595 ), Sec. 20(5), eff. January 1, 2024. (e) Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595 ), Sec. 20(5), eff. January 1, 2024. (f) Repealed by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595 ), Sec. 20(5), eff. January 1, 2024. Added by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51 ), Sec. 13, eff. September 1, 2009. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1131 (H.B. 1000 ), Sec. 3, eff. June 17, 2011. Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595 ), Sec. 16, eff. January 1, 2024. Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595 ), Sec. 20, eff. January 1, 2024.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.62.148
What does The Texas Constitution § ED.62.148 cover?
Section ED.62.148 ("DISTRIBUTION OF APPROPRIATED FUNDS TO ELIGIBLE INSTITUTIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.62.148?
A common citation format is "The Texas Constitution § ED.62.148" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.62.148 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.