ERIC Number: ED465316
Record Type: Non-Journal
Publication Date: 2002-Jan
Reference Count: N/A
An Overview of Article III and Article XII, Senate Bill 1, 77th Legislature: General Appropriations Act--Agencies of Public Higher Education.
Texas State Higher Education Coordinating Board, Austin. Div. of Research, Campus Planning and Finance.
Almost all the funds appropriated to state agencies and institutions of higher education in Texas for the 2002-2003 biennium are provided through Senate Bill 1, General Appropriations Act, 77th Legislature. This report summarizes the higher education portion of that act. The all funds appropriation for higher education for the biennium is $14.6 billion, approximately 12.85% of the total state appropriation. This is $2.1 billion more than was appropriated for higher education in the previous biennium, a 16.3% increase. The general revenue appropriation for higher education for the biennium is $9.8 billion, approximately 15.93% of the total state general revenue appropriations. Approximately $167 million was appropriated for pay raises and increased benefits for nonfaculty higher education staff members, and $40 million was appropriated for additional Tuition Equalization Grants at independent institutions. From tobacco settlement receipts, the Legislature created endowments of more than $1 billion in 1999, primarily for health-related institutions. For the 2002-2003 biennium, proceeds from those endowments and direct appropriations of tobacco settlement receipts will total $91.35 million. New tuition revenue bonds were authorized ($1.1 billion), and debt service for tuition revenue bonds increased by $72 million to $277 million. One appendix contains a table of all fund appropriations for the current biennium, and the other contains a similar table for General Revenue appropriations. (Contains 14 charts and 6 tables.) (SLD)
Descriptors: Educational Finance, Educational Trends, Financial Support, Higher Education, Resource Allocation, State Legislation, Teacher Salaries, Trend Analysis, Tuition
For full text: http://www.thecb.state.tx.us.
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Authoring Institution: Texas State Higher Education Coordinating Board, Austin. Div. of Research, Campus Planning and Finance.
Identifiers - Location: Texas