The University of Texas Board of Regents today approved an allocation of $100 million in Permanent University Fund (PUF) bond proceeds over the next 10 years that will help fund capital expenses associated with the start-up of the Tyler School of Medicine at the University of Texas at Tyler.
“The opportunity for the regents to invest again in this once-in-a-generation opportunity to improve the quality of life and health for the people of East Texas is gratifying,” said Kevin P. Eltife, Chairman of the UT System Board of Regents. “We are equally as focused on the future of the medical school as we are on the present, and we enthusiastically await the arrival of the first class of medical students in Tyler next summer.”
Capital projects funded over the next decade will ensure the new medical school has the right environment in place to draw and retain exceptional medical school faculty and students, as well as enhance biomedical research and core residency programs.
“The Board of Regents has once again reinforced its commitment to the health of Texas at every possible opportunity,” said UT System Chancellor James B. Milliken. “This latest allocation reflects the emphasis on East Texas as a vital region for high-quality medical education and health care delivery, and today’s decision by the regents represents yet another demonstration of their commitment.”
In response to the board’s investment, UT Tyler President Kirk Calhoun, MD, stated, “The UT Tyler community and I express profound gratitude to the regents for consistently and generously ensuring that our new medical school is poised for the most successful launch imaginable.”
About The University of Texas System
For more than 130 years, The University of Texas System has been committed to improving the lives of Texans and people all over the world through education, research and health care. With 13 institutions, an enrollment of 243,000 students and an operating budget of $25.2 billion (FY 2023), the UT System is one of the largest public university systems in the United States. UT institutions produce more than 67,000 graduates annually and award more than one-third of the state’s undergraduate degrees and more than 60% of its medical degrees. Collectively, UT-owned and affiliated hospitals and clinics accounted for more than 10.6 million outpatient visits and more than 2 million hospital days in 2021. Research expenditures across UT institutions reached a record $3.5 billion last year, a number that ranks No. 1 in Texas and No. 2 in the nation based on federally-sponsored research expenditures. The UT System also is one of the largest employers in Texas, with more than 22,000 faculty – including Nobel laureates and members of the National Academies – and more than 93,000 health care professionals, researchers and support staff.
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