0 0 , 0 0 0 ▁is ▁available ▁to ▁fund ▁RC IC s ▁for ▁the ▁F Y ▁ 1 4 / 1 5 ▁bien ni um ▁( 5 0 M ▁* ▁ 5 0 % ▁* ▁ 2 %). ▁However , ▁E TF ▁may ▁have ▁already ▁exceed ed ▁this ▁limit ▁with ▁awards ▁for ▁five ▁or ▁more ▁RC IC s . ▁These ▁awards ▁have ▁been ▁announced ▁in ▁newspaper ▁reports ▁and ▁by ▁the ▁RC IC s , ▁but ▁have ▁not ▁been ▁formally ▁announced ▁by ▁E TF ▁manager ▁as ▁recommended ▁by ▁state ▁aud itor . ▁ ▁Trans par ency ▁concerns ▁have ▁do gg ed ▁the ▁fund ▁since ▁in ception . ▁Nevertheless , ▁the ▁state ▁legisl ature ▁has ▁consist ently ▁fund ed ▁the ▁E TF , ▁even ▁as ▁some ▁legisl ators ▁express ▁concerns ▁over ▁the ▁fund ' s ▁true ▁performance ▁in ▁the ▁areas ▁of ▁job ▁creation ▁and ▁return ▁on ▁Texas ▁tax pay ers ' ▁mon ies . ▁ ▁The ▁Texas ▁state ▁aud itor ' s ▁report ▁of ▁ 2 0 1 1 ▁was ▁not ▁complete , ▁in ▁that ▁job ▁creation ▁and ▁valu ation ▁method ology ▁remain ▁op aque ▁up ▁to ▁the ▁present ▁day . ▁ ▁See ▁also ▁ ▁Texas ▁Research ▁In iti atives ▁ ▁Vent ure ▁Capital ▁ ▁Econom y ▁of ▁Texas ▁ ▁Texas ▁Enter prise ▁Fund ▁ ▁References ▁ ▁https :// www . event br ite . com / e / se attle - in vest ment - ad visor - sem inar - tick ets - 2 5 4 9 7 6 9 9 3