Provided by Representative John Frullo:
LUBBOCK- Texas Tech University reached an important milestone in its pursuit of obtaining tier-one status, according to a report released by the Texas Higher Education Coordinating Board. Pending a mandatory state audit in accordance with Texas Education Code 62.146(c), the university is now eligible to receive distributions from the National Research University Fund (NRUF).
"This is an important achievement for Texas Tech," said State Representative John Frullo (R-Lubbock). "I extend my congratulations to those whose hard work and dedication have been instrumental in meeting the requirements to begin benefiting from this fund."
Created in 2009, the NRUF aids Texas universities who are designated as emerging research universities and meet established criteria in continuing their work in gaining tier-one status. The 82nd Legislature then passed House Bill 1000 specifying the criteria used to determine annual distributions from the NRUF and defining the distribution methodology for institutions eligible to receive monies from the fund.
"This is an exciting moment in Texas Tech history," Frullo said, "and a major step toward securing a prominent rank among the elite higher learning institutions of our nation."
In order to become eligible to receive monies from the NRUF, Texas Tech University had to meet two mandatory criteria: designation as an emerging research university in the Coordinating Board's accountability system, and maintaining $45 million in restricted research expenditures in each of the two state fiscal years preceding the state fiscal year for which the appropriation is made. They also had to meet four of the six statutory or Coordinating Board established criteria. Texas Tech University has achieved the next important step in gaining tier-one status.