Sec. 62.121. DEFINITIONS. In this subchapter:
(1) "Eligible institution" means an institution of higher education designated as an emerging research university under the coordinating board's accountability system.
(2) "Gift" includes cash, cash equivalents, marketable securities, closely held securities, money market holdings, partnership interests, personal property, real property, minerals, and life insurance proceeds.
(3) "Institution of higher education" has the meaning assigned by Section 61.003.
(4) "Program" means the Texas Research Incentive Program (TRIP) established under this subchapter.
Added by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51), Sec. 12, eff. September 1, 2009.
