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Legal Citations
- Education Code sec. 63.101
Origin:
1999 by H.B. 1945, 76th Leg., R.S.
Purpose
A separate permanent endowment fund is established in the treasury outside the general revenue fund from money transferred at the direction of the legislature, gifts and grants contributed to the fund and returns received from investment of money in the fund. The corpus of the fund may not be used for any purpose. Earnings and gifts and grants may be appropriated only for research and other programs that benefit the public health.
| Classification | Group 12: Restricted Use Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act for earnings, gifts and grants only. |
Administering Agencies
- 781 – Texas Higher Education Coordinating Board (For the Baylor College of Medicine)
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
This fund was established based on revenue received by the state from the State of Texas v. The American Tobacco Company, et. al, No. 5:96cv91 (U.S. District Court, Texarkana Division).
Creation of the fund was finally authorized by H.B. 3084, 76th Leg., R.S.
USAS Values
| USAS Title | PERM ENDOWMNT FD BAYLOR COLL MED (THECB) |
|---|---|
| Consolidated Fund | |
| State Fund Group | 12 - RESTRICTED USE FUNDS |
| USAS Status | A |
Those funds created to record receipt of money where there is a restriction on the use of the funds.