Texas A&M University System Chancellor John Sharp on Thursday will lay out a plan before the system's board of regents that will shuffle the distribution of money for Texas A&M University and Prairie View A&M University, earmarking millions of dollars to grow research at those universities.

The money for what Sharp is calling the Chancellor's Research Initiative will come from the Available University Fund, which is made up of distributions from the Permanent University Fund, a major public endowment that benefits the University of Texas System and the A&M System. According to Texas statute ...

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