The board of regents designated close to $200M for new buildings, the first of which will the medical administration to be constructed on the Edinburg campus.
During their monthly meeting, the University of Texas board of regents voted and approved permanent university funds for the first time in history in anticipation for the new medical school and the new, still unnamed, university.
The monies come from a permanent university fund or puf, which collects from oil revenues of the state.
The first project to begin is an 88 sq. ft. medical academic building with an estimated value of 54M which would be constructed next to the regional academic health center and managed by the University of San Antonio until the new university is established. It will be until then that students from all walks of life will be able to enroll.
This first building is expected to be finished in time for the first cohort of medical students in Fall of 2016.