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Sec. 51.152. Goal. The purpose of this subchapter is to promote the instructional packages of condition-supported establishments of bigger education and learning in Texas by authorizing the establishment and Procedure of the cooperative program for interaction and information retrieval and transfer in between the establishments and involving the institutions and personal educational institutions, sector, and the general public.
(b) The governing board of every condition institution of better education shall deposit from the point out treasury all income receipts accruing to any faculty or College beneath its Management Which may be derived from all sources other than auxiliary enterprises, noninstructional solutions, company, designated, and restricted resources, endowment and other present resources, college student loan cash, funds retained underneath Chapter a hundred forty five of this code, and Constitutional Higher education Building Amendment cash. The comptroller is directed to credit these receipts deposited by Every single such establishment to your individual fund account for the establishment depositing the receipts, but he shall not be required to preserve separate accounts of different types of cash deposited by Just about every institution.
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(file) Fascination acquired on the receipts deposited under this section to an institution's independent fund account within the condition treasury shall be credited to that separate fund account.
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