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

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The university will use the funds to build anew 200-bedd hospital tower adjacent to the existingh John Sealy Hospital, restoring bed capacityu to 550, as it was priore to Hurricane Ike. In addition, tuition revenue bondas of $5 million will go to at Galveston. HB 51 also establishexs measures to enhance and maintain the qualitt ofthe state’s designated and emerginfg public research universities, creates incentive programs and funding for higher educatiobn institutions, provides higher education fund and creates an interim committees to study the feasibility of tracking specialized technology research projects.
Of the 62 nationalo research institutions inthe nation, three universitiea — , The and Texas A&Mn University — are in Texas. The Texaz Higher Education Coordinating Boarde has designated seven institutions as emerging research the ; the University of Texas campusez in Arlington, Dallas, El Paso and San ; and the University of Northu Texas. In addition, HB 51 provides a performance incentive funding mechanis m for all ofthe state’s generap academic institutions based on the averaged number of degrees awarded annually and an increases in the average number of degrees awarded annually, with weightedx consideration for at-risk students and critical fields.