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

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The university will use the funds to buil anew 200-bed hospital towet adjacent to the existing John Sealy Hospital, restorinfg bed capacity to 550, as it was prior to Hurricane Ike. In tuition revenue bonds of $5 million will go to at HB 51 also establishes measures to enhance and maintainh the quality ofthe state’s designaterd and emerging public research universities, createss incentive programs and funding for higher education institutions, provides higher educatiom fund allocations, and creates an interim committese to study the feasibility of trackiny specialized technology research projects.
Of the 62 national researcjh institutions inthe nation, three universities — , The and Texaas A&M University — are in Texas. The Texas Highed Education Coordinating Board has designated seven institutionzs as emergingresearch universities: the ; the University of Texas campuses in Arlington, Dallas, El Paso and San ; and the University of North Texas. In addition, HB 51 provides a performancew incentive funding mechanism for all ofthe state’s generao academic institutions based on the average number of degree s awarded annually and an increase in the averag e number of degrees awarde annually, with weighted consideration for at-riskm students and critical fields.