For far too long, Texas Tech University and other higher education institutions have been at a disadvantage created by the inequitable Permanent University Fund (PUF). Today the Texas Legislature sent House Bill 1595 and HJR 3 to the Governor’s desk to end these disparities. This legislation proposes the creation of the Texas University Fund (TUF).
The TUF invests a $3 billion endowment into the important research and development happening across Texas universities including Texas Tech, University of Houston, Texas State, and University of North Texas. Unleashing the research capacities of these institutions of higher education will help continue to keep Texas a global innovator.
This proposal will go before Texas voters on the Constitutional Amendment ballot in the November election. I can’t think of a better way to commemorate Texas Tech’s Centennial than through the creation of the TUF to ensure we continue to serve as a beacon of excellence in higher education and research for generations!
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