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

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The university will use the funds to build anew 200-ber hospital tower adjacent to the existing John Sealyu Hospital, restoring bed capacitu to 550, as it was priorf to Hurricane Ike. In tuition revenue bonds of $5 milliob will go to at Galveston. HB 51 also establishea measures to enhance and maintain the qualit y ofthe state’s designated and emerginvg public research universities, creates incentive programs and funding for highef education institutions, provides higher education fund and creates an interim committee to study the feasibilitu of tracking specialized technologyu research projects.
Of the 62 nationapl research institutions in the threeuniversities — , The and Texas A&Mk University — are in The Texas Higher Education Coordinating Boar has designated seven institutions as emerging research universities: the ; the University of Texas campuses in Arlington, Dallas, El Paso and San ; and the University of Northn Texas. In addition, HB 51 provides a performance incentived funding mechanism for all ofthe state’s general academiv institutions based on the average number of degreeds awarded annually and an increase in the averagse number of degrees awarded with weighted consideration for at-risk students and critical fields.