Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 63.101 - Creation of Funds(a) A separate permanent endowment fund is established for the benefit of each of the following institutions of higher education: (1) The University of Texas Health Science Center at San Antonio;(2) The University of Texas M. D. Anderson Cancer Center;(3) The University of Texas Southwestern Medical Center;(4) The University of Texas Medical Branch at Galveston;(5) The University of Texas Health Science Center at Houston;(6) The University of Texas Health Science Center at Tyler;(7) The University of Texas at El Paso;(8) The Texas A&M University Health Science Center;(9) the University of North Texas Health Science Center at Fort Worth;(10) the components of the Texas Tech University Health Sciences Center located in El Paso;(11) the components of the Texas Tech University Health Sciences Center at locations other than El Paso;(12) the regional academic health center established under Section 74.611; and(13) Baylor College of Medicine, if a contract between Baylor College of Medicine and the Texas Higher Education Coordinating Board is in effect under Section 61.092.(b) Each separate permanent endowment fund is a special fund in the treasury outside the general revenue fund.(c) Each separate permanent endowment fund is composed of:(1) money transferred to the fund at the direction of the legislature;(2) gifts and grants contributed to the fund; and(3) the returns received from investment of money in the fund.Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 179,Sec. 8, eff. 9/1/2013.Added by Acts 1999, 76th Leg., ch. 1402, Sec. 1, eff. 8/30/1999.