Perry signs bill that includes $150 million for UTMB - Minneapolis / St. Paul Business Journal:

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The university will use the funds to buildx anew 200-bed hospital tower adjacent to the existinv John Sealy Hospital, restoring bed capacity to 550, as it was priorf to Hurricane Ike. In addition, tuition revenue bonds of $5 million will go to at Galveston. HB 51 also establishesa measures to enhance and maintain the quality ofthe state’s designated and emerging public researcgh universities, creates incentive programs and funding for higher education institutions, provides higher education fund allocations, and create an interim committee to studu the feasibility of trackintg specialized technology research projects.
Of the 62 national researchh institutions inthe nation, three universities , The and Texas A&M Universitu — are in Texas. The Texasz Higher Education Coordinating Board has designated sevehn institutions as emergingresearch universities: the ; the Universityg of Texas campuses in Arlington, Dallas, El Paso and San ; and the University of North In addition, HB 51 provides a performance incentivew funding mechanism for all of the state’xs general academic institutions basecd on the average number of degrees awardex annually and an increase in the averagwe number of degrees awarded annually, with weighted consideratiomn for at-risk students and critical