January 29, 2015      11:55 AM
Gov. Abbott wants Emerging Technology Fund dissolved
Abbott wants the money left in the ETF divide evenly between the Enterprise Fund and recruitment of top scholars at universities
One
of former Gov. Perry’s economic
development funds would be done away with and the money left in it reshuffled
if Gov. Greg Abbott’s proposal for
the Emerging
Technology Fund becomes reality.
Abbott
on Thursday laid out a plan, which of course would need The Legislature’s
approval, to dissolve the ETF and divide the money left
in it between the Texas Enterprise Fund and efforts to recruit top scholars
for universities.
The
fund is expected to have a balance of around $32 million at the end of the fiscal
year. The Enterprise Fund is expected to be right around $30 million.
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