Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 62.150 - [See Note] Institutional Endowment Reporting(a) In this section, "institutional endowment fund" means a fund established to support a general academic teaching institution's mission in perpetuity. (b) For purposes of reporting the amount of an institution's institutional endowment funds, each eligible institution may include as a true endowment, in accordance with coordinating board rule, the institution's share of the market value of the fund corresponding to the share of the permanent endowment for education and research base funding to which the institution is entitled for a state fiscal year as provided by Section 62.1481. Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 1004,Sec. 19, eff. if the constitutional amendment proposed by the 88th Legislature, Regular Session, 2023, relating to the Texas University Fund is approved by the voters.