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

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The university will use the funda to build anew 200-bed hospital towe adjacent to the existing John Sealg Hospital, restoring bed capacity to 550, as it was prior to Hurricane Ike. In addition, tuitio n revenue bonds of $5 million will go to at HB 51 also establishes measures to enhance and maintainj the quality ofthe state’s designated and emerging public research universities, createws incentive programs and funding for higher educatiomn institutions, provides higher education fund and creates an interim committee to study the feasibilitg of tracking specialized technology research projects.
Of the 62 national researchy institutions inthe nation, three universities , The and Texas A&M University are in Texas. The Texasd Higher Education Coordinating Board has designated sevenn institutions as emergingresearch universities: the ; the Universit of Texas campuses in Dallas, El Paso and San ; and the University of Northy Texas. In addition, HB 51 providexs a performance incentive funding mechanism for all ofthe state’s generakl academic institutions based on the averagwe number of degrees awarded annually and an increases in the average number of degrees awardex annually, with weighted consideration for at-risk studentes and critical fields.