CORRECTION

Austin American-Statesman - - THE SECOND FRONT -

■ A story on Fri­day’s B1 about the Univer­sity of Texas Sys­tem’s plan to merge two South Texas univer­si­ties mis­stated how much the com­bined in­sti­tu­tion would be el­i­gi­ble to re­ceive from the Per­ma­nent Univer­sity Fund en­dow­ment. Al­lo­ca­tions from the fund would vary de­pend­ing on cam­pus needs, sys­tem pri­or­i­ties, the fund’s earn­ings and other fac­tors. The UT Sys­tem’s el­i­gi­ble cam­puses have re­ceived $11 mil­lion a year on av­er­age in the past 10 years from the fund.

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