Renames the National Research University Fund to the Texas University Fund and establishes an ongoing revenue source from the accrued interest of the economic stabilization fund.At the core of this constitutional change is a commitment by the state to invest in research and technology, as well as workforce development. This amendment will create thewith a $3.
The TUF is expected to disburse about $240 million each biennium, to be distributed based on performance and research. The TUF will be similar, albeit much smaller, to the Permanent University Fund, which finances the University of Texas system and the Texas A&M University system.Funding research in higher education and a workforce for tech industries is a win for the state..
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