Tex. Educ. Code § 62.150 · Subchapter G. TEXAS UNIVERSITY FUND
INSTITUTIONAL ENDOWMENT REPORTING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "institutional endowment fund" means a fund established to support a general academic teaching institution's mission in perpetuity.
(b) For purposes of reporting the amount of an institution's institutional endowment funds, each eligible institution may include as a true endowment, in accordance with coordinating board rule, the institution's share of the market value of the fund corresponding to the share of the permanent endowment for education and research base funding to which the institution is entitled for a state fiscal year as provided by Section 62.1481.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595), Sec. 19, 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 a10f2c5259c3061baad5fc421937ff9cd0dfeb8b353c88e6b6e22d1dfeaab45d
- 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.
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