DALLAS — The $3 billion bond-funded Cancer Prevention Research Institute of Texas faces a criminal investigation over an $11 million grant to a company backed by a major campaign contributor to Gov. Rick Perry and Lt. Gov. David Dewhurst, according to the Travis County District Attorney’s public integrity unit.

The criminal investigation was announced on the heels of a more general inquiry by Texas Attorney General Greg Abbott, whose representative serves on the oversight board that approved the grant. Abbott’s investigation was requested by CPRIT, but influential Dallas philanthropic leader Cathy Bonner, one of the original proponents of CPRIT, called for the DA to intervene.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.