The proposed constitutional amendment would create the Texas University Fund to support research at public universities.
A proposed amendment to the Texas Constitution could help support more robust research at a handful of public universities in the state.“We’re really excited about the fact that the state Legislature is putting together a new endowment called the Texas University Fund, which will be initially funded with $3.9 billion,” Texas State University President Kelly Damphousse said.to the fund each year, with interest from the state’s Economic Stabilization Fund, also known as the Rainy Day Fund.
Damphousse said earning that designation would have significant benefits for Texas State. He anticipates Texas State is on track to earn the Tier 1 research designation by 2027. Damphousse said the money from the Texas University Fund could be used to help pay for stipends and scholarships for doctoral students. Texas State actually has 111 more PhD students this year than the previous year.
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