Texas § HS.491.055 - CONTRACT WITH LEAD INSTITUTION
Full text of Texas The Texas Constitution § HS.491.055 — CONTRACT WITH LEAD INSTITUTION, with citation guidance and answers to common questions.
§ HS.491.055. CONTRACT WITH LEAD INSTITUTION
CONTRACT WITH LEAD INSTITUTION. (a) As soon as practicable after selecting a consortium to conduct ibogaine drug development clinical trials under Section 491.054 , the commission shall enter into an interagency contract, as provided by Chapter 771 , Government Code, with the lead institution of higher education of the selected consortium to provide funding to implement the consortium's proposed ibogaine drug development clinical trials. (b) The interagency contract described by Subsection (a) must specify: (1) the goals and objectives of the proposed ibogaine drug development clinical trials; (2) the proposed budget; (3) the timeline for completing the proposed objectives; (4) the for-profit, nonprofit, or public benefit corporate entities collaborating with the consortium in the drug development clinical trials under this subchapter; (5) the percentage of the revenue arising from the drug development clinical trials to be paid to the state; and (6) any other information required by the commission. (c) As soon as practicable after entering into an interagency contract under Subsection (a), the commission shall report the existence of the contract to the legislature. (d) The commission may not disburse funds to or for a selected consortium under the interagency contract described by Subsection (a) until the consortium receives and the commission verifies the receipt of matching funds from sources other than the state. Added by Acts 2025, 89th Leg., R.S., Ch. 333 (S.B. 2308 ), Sec. 1, eff. June 11, 2025.
Frequently Asked Questions About Texas § HS.491.055
What does The Texas Constitution § HS.491.055 cover?
Section HS.491.055 ("CONTRACT WITH LEAD INSTITUTION") 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 § HS.491.055?
A common citation format is "The Texas Constitution § HS.491.055" (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 § HS.491.055 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.