The University of Texas Rio Grande Valley

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UT Regents approve $20 million in PUF for UTRGV School of Medicine

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UTRGV Photo by Silver Salas

RIO GRANDE VALLEY, TEXAS – AUG. 28, 2017 – The University of Texas System Board of Regents has reinforced its commitment to The University of Texas Rio Grande Valley School of Medicine by approving $20 million in Permanent University Funds (PUF) for capital expenses.

“We are grateful to the Board of Regents for its continued support of the UTRGV School of Medicine,” said Dr. John Krouse, dean of the UTRGV School of Medicine and vice president for Health Affairs.

“This allocation will enable the School of Medicine to become a leader in research that will benefit the Rio Grande Valley and beyond, and prepare the next generation of physicians who will provide exceptional care to the communities they serve,” he said.

The $20 million in PUF bond proceeds is part of the $100 million the Board of Regents approved in December 2012 for start-up costs for the School of Medicine. Of that $100 million, the board previously had approved $30 million in PUF, leaving $50 million available for the School of Medicine.

Permanent University Funds can only be used for capital expenses, such as the purchase of equipment and construction projects.

ABOUT UTRGV

The University of Texas Rio Grande Valley (UTRGV) was created by the Texas Legislature in 2013 as the first major public university of the 21st century in Texas. This transformative initiative provided the opportunity to expand educational opportunities in the Rio Grande Valley, including a new School of Medicine, and made it possible for residents of the region to benefit from the Permanent University Fund – a public endowment contributing support to the University of Texas System and other institutions.

UTRGV has campuses and off-campus research and teaching sites throughout the Rio Grande Valley including in Boca Chica Beach, Brownsville (formerly The University of Texas at Brownsville campus), Edinburg (formerly The University of Texas-Pan American campus), Harlingen, McAllen, Port Isabel, Rio Grande City, and South Padre Island. UTRGV, a comprehensive academic institution, enrolled its first class in the fall of 2015, and the School of Medicine welcomed its first class in the summer of 2016.

MEDIA CONTACTS
Jennifer.Berghom@UTRGV.edu
UTRGV Senior Writer / 956-665-7192
Marci.Caltabiano@UTRGV.edu
UTRGV Director of News and Internal Communications / 956-665-2742