(a) In each state fiscal year beginning with the state fiscal year ending August 31, 2021, an eligible institution is entitled to receive an amount allocated in accordance with this section from the funds appropriated for that year by § 17(a), Article VII, Texas Constitution. The comptroller shall distribute funds allocated under this subsection only on presentation of a claim and issuance of a warrant in accordance with § 403.071, Government Code. An eligible institution may not present a claim to be paid from any funds allocated under this subsection before the delivery of goods or services described in § 17, Article VII, Texas Constitution, except for the payment of principal or interest on bonds or notes or for a payment for a book or other published library material as authorized by § 2155.386, Government Code. The allocation of funds under this subsection is made in accordance with an equitable formula consisting of the following elements: space deficit, facilities condition, institutional complexity, and a separate allocation for the Texas State Technical College System. The annual amounts allocated by the formula are as follows:
(1) to the following component institutions of the University of North Texas System:
(A) $38,473,304 to the University of North Texas;
(B) $15,581,837 to the University of North Texas Health Science Center at Fort Worth; and
(C) $3,455,644 to the University of North Texas at Dallas;
(2) to the following component institutions of the Texas State University System:
(A) $13,537,649 to Lamar University;
(B) $2,630,158 to the Lamar Institute of Technology;
(C) $1,533,301 to Lamar State College–Orange;
(D) $2,283,992 to Lamar State College–Port Arthur;
(E) $18,787,013 to Sam Houston State University;
(F) $38,741,061 to Texas State University;
(G) $2,216,640 to Sul Ross State University; and
(H) $487,157 to Sul Ross State University-Rio Grande College;
(3) $12,072,906 to Texas Southern University;
(4) to the following component institutions of the Texas Tech University System:
(A) $51,379,461 to Texas Tech University;
(B) $22,305,642 to Texas Tech University Health Sciences Center;
(C) $6,997,943 to Angelo State University;
(D) $5,725,243 to Texas Tech University Health Sciences Center–El Paso; and
(E) $5,082,034 to Midwestern State University;
(5) $14,993,229 to the component institutions of the Texas Woman’s University System, allocated as determined by the board of regents of the system;
(6) to the following component institutions of the University of Houston System:
(A) $56,158,685 to the University of Houston;
(B) $3,649,703 to the University of Houston–Victoria;
(C) $7,959,137 to the University of Houston–Clear Lake; and
(D) $11,155,034 to the University of Houston–Downtown;
(7) to the following component institutions of The Texas A&M University System:
(A) $11,825,139 to Texas A&M University–Corpus Christi;
(B) $7,687,534 to Texas A&M International University;
(C) $9,125,307 to Texas A&M University–Kingsville;
(D) $7,671,155 to West Texas A&M University;
(E) $11,459,464 to Texas A&M University–Commerce; and
(F) $2,112,129 to Texas A&M University–Texarkana; and
(8) $8,662,500 to the Texas State Technical College System Administration and the following component campuses, but not its extension centers or programs:
(A) Texas State Technical College-Harlingen;
(B) Texas State Technical College–Marshall;
(C) Texas State Technical College–West Texas;
(D) Texas State Technical College–Waco;
(E) Texas State Technical College–Fort Bend; and
(F) Texas State Technical College–North Texas.

(b) Each governing board participating in the distribution of funds as described in this section may expend the funds without limitation, and as the governing board may decide in its sole discretion, for any and all purposes described in § 17, Article VII, Texas Constitution, including to purchase or contract for cloud computing services or other intangible assets with an expected useful life or for a contract period of more than one year.
(c) Each governing board participating in the distribution of funds as described in this section may issue bonds and notes as authorized in § 17, Article VII, Texas Constitution.
(d) All funds appropriated by Article VII, Section 17, of the Constitution of Texas, but not expended during the fiscal year of appropriation, shall be carried forward and reappropriated for each of the succeeding fiscal years until expended by the governing boards of eligible institutions for the purposes described in Article VII, Section 17, of the Constitution of Texas.
(e) Whereas the University of North Texas at Dallas was created as an institution of higher education by Chapter 25 (S.B. 576), Acts of the 77th Legislature, Regular Session, 2001, which was approved by a vote of more than two-thirds of the membership of each house of the legislature, and was certified by the coordinating board to operate as a general academic teaching institution in April 2009, the University of North Texas at Dallas is entitled to participate in the funding provided by § 17, Article VII, Texas Constitution. Whereas the University of North Texas at Dallas College of Law, which was previously designated by Chapter 1213 (S.B. 956), Acts of the 81st Legislature, Regular Session, 2009, as an institution of higher education until such time the University of North Texas at Dallas had been in operation as a general academic teaching institution for a period of five years, now operates as a professional school within the University of North Texas at Dallas as a result of the expiration of that period, the allocation to the University of North Texas at Dallas under this section includes an amount attributable to the University of North Texas at Dallas College of Law as part of the university.
(e-1) Whereas the Texas Tech University Health Sciences Center at El Paso was created as a separate institution of higher education by an Act of the 83rd Legislature, Regular Session, 2013, which was approved by a vote of more than two-thirds of the membership of each house of the legislature, the Texas Tech University Health Sciences Center at El Paso is entitled to participate in the funding provided by § 17, Article VII, Texas Constitution, beginning with the annual appropriation for the state fiscal year beginning September 1, 2015, and the Texas Tech University Health Sciences Center at El Paso shall be included in the allocation made for each 10-year allocation period under § 17(d), Article VII, Texas Constitution, beginning with the allocation made in 2015.
(e-2) Whereas The University of Texas–Pan American and The University of Texas at Brownsville were consolidated into a general academic teaching institution that is excluded from participation in the funding provided by § 17, Article VII, Texas Constitution, by Chapter 726 (S.B. 24), Acts of the 83rd Legislature, Regular Session, 2013, which was approved by a vote of more than two-thirds of the membership of each house of the legislature, The University of Texas–Pan American and The University of Texas at Brownsville are omitted from the allocation of funds under this section.
(f) Repealed by Acts 2019, 86th Leg., R.S., Ch. 970 (S.B. 709), Sec. 2, eff. August 31, 2019.