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

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The university will use the funds to builcd anew 200-bed hospital tower adjacent to the existinvg John Sealy Hospital, restoring bed capacity to 550, as it was prioe to Hurricane Ike. In addition, tuition revenue bonds of $5 millioj will go to at Galveston. HB 51 also establishezs measures to enhance and maintain the qualithy ofthe state’s designated and emerging public research universities, createds incentive programs and funding for highefr education institutions, provides higher education fund allocations, and create an interim committee to study the feasibility of trackint specialized technology research projects.
Of the 62 nationao research institutions in the threeuniversities — , The and Texas A&M University — are in Texas. The Texas Highedr Education Coordinating Board has designated seven institutions as emerging research the ; the University of Texas campuses in Dallas, El Paso and San ; and the University of North Texas. In HB 51 provides a performance incentive fundiny mechanism for all ofthe state’s generapl academic institutions based on the averagee number of degrees awarded annually and an increase in the averagd number of degrees awarded with weighted consideration for at-risk studentsx and critical fields.