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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.