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University of Arizona says Prop. 301 a boon to research, creativity

In the first five years of a voter-approved education tax, University of Arizona officials say the $112 million cash infusion has strengthened and transformed vital research like optics and bioscience and has made possible crucial technological improvements campuswide.

Since Arizona voters approved Proposition 301, a 0.6 percent increase in the state sales tax for education, the UA has used the revenue to hire or retain dozens of key researchers, double its supercomputing power, boost the Technology Transfer Office and fund new lab facilities for world-class programs.
Universities receive 10 percent of the 301 money, with a mandate to fund research and technology development, to expand online and distance education, and to prepare students for a high-tech economy.

The Arizona Board of Regents administers the tax revenues through the Technology and Research Initiative Fund, or TRIF. The UA has budgeted for an expected $118.9 million over the next five years.

By Eric Swedlund
arizona daily star

Full Story: http://www.azstarnet.com/dailystar/metro/139099

(Many thanks to Bill Sellers for passing this along. Russ)

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