| Issue Date: | |
|---|---|
| Revised Date: | 2015-06-26 |
Legal Cites
- Education Code sec. 51.002, sec. 66.02
- Texas Constitution art. VII sec. 11a, art. VII sec. 18
Origin:
1925
Purpose
To receive the income from investments of the Permanent University Fund (0045). This money is to be used for permanent improvements, new construction, equipment, repairs, physical plant operation and maintenance, and educational and general activities of the University of Texas.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Education Code 66.03 repealed by H.B. 3211, 76th Leg., R.S.
USAS Values
| USAS Title | AVAILABLE UNIVERSITY FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
| USAS Status | A |
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.