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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A separate permanent endowment fund is established for the benefit of each of the following institutions of higher education:
(1) The University of Texas Health Science Center at San Antonio;
(2) The University of Texas M. D. Anderson Cancer Center;
(3) The University of Texas Southwestern Medical Center;
(4) The University of Texas Medical Branch at Galveston;
(5) The University of Texas Health Science Center at Houston;
(6) The University of Texas Health Science Center at Tyler;
(7) The University of Texas at El Paso;
(8) The Texas A&M University Health Science Center;
(9) the University of North Texas Health Science Center at Fort Worth;
(10) the components of the Texas Tech University Health Sciences Center located in El Paso;
(11) the components of the Texas Tech University Health Sciences Center at locations other than El Paso;
(12) the regional academic health center established under Section 74.611; and
(13) Baylor College of Medicine, if a contract between Baylor College of Medicine and the Texas Higher Education Coordinating Board is in effect under Section 61.092.
(b) Each separate permanent endowment fund is a special fund in the treasury outside the general revenue fund.
(c) Each separate permanent endowment fund is composed of:
(1) money transferred to the fund at the direction of the legislature;
(2) gifts and grants contributed to the fund; and
(3) the returns received from investment of money in the fund.
Cite this article: FindLaw.com - Texas Education Code - EDUC § 63.101. Creation of Funds - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-63-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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