ADMINISTRATION AND INVESTMENT OF FUND.

Tex. EDUC Code § 62.143.
in effect
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(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. Added by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51 ), Sec. 13, eff. September 1, 2009.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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