Tex. Educ. Code § 62.143 · Subchapter G. TEXAS UNIVERSITY FUND
ADMINISTRATION AND INVESTMENT OF FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The Texas University Fund is a fund outside the state treasury held by the comptroller and administered by the trust company.
(b) The trust company shall administer and invest the fund in accordance with Section 20, Article VII, Texas Constitution.
(c) The trust company shall determine the amount available for distribution from the fund in accordance with a distribution policy adopted by the comptroller that is designed to:
(1) preserve the purchasing power of the fund's assets over an economic cycle, subject to the liquidity needs of the fund; and
(2) provide as nearly as practicable a stable and predictable stream of annual distributions.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51), Sec. 13, eff. September 1, 2009.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 13, eff. January 1, 2024.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.62.htm
- Text hash
- sha256 db519e7bdf0b6ed9dad935b6df578563e3e7fcaab193b50d550f6cfcf61eb5e3
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.