Bill > HB42

This bill modifies the state's constitutional appropriation for higher education institutions, significantly increasing funding allocations for various universities and technical colleges across Texas. The bill increases the annual constitutional appropriation from $393.75 million to $590,625,000, starting with the fiscal year ending August 31, 2026. It provides detailed funding allocations for multiple university systems, including the University of North Texas, Texas State University System, Texas Tech University System, University of Houston System, and Texas A&M University System, among others. Each system's component institutions receive specific dollar amounts, with many institutions seeing substantial increases compared to previous allocations. The bill also adds a provision allowing governing boards to use these funds to pay principal and interest on bonds issued for educational purposes. Additionally, the bill includes a contingency related to the potential transfer of the University of Houston-Victoria to The Texas A&M University System and specifies that the new allocations will take effect on September 1, 2025, subject to approval by a two-thirds vote in both legislative chambers.

Budget and Finance, Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB42