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Fund 0823 – Permanent Endowment Fund for the Baylor College of Medicine

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Legal Citations:

Education Code sec. 63.101

Origin Date: 1999 by H.B. 1945, 76th Leg., R.S.

Issue Date:

Revised Date:

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 fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Notes

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.

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