Texas § 62.143 ADMINISTRATION AND INVESTMENT OF FUND.

Texas Statutes

§ 62.143 — ADMINISTRATION AND INVESTMENT OF FUND.

Texas § 62.143

Code EDEducation Code

This text of Texas § 62.143 (ADMINISTRATION AND INVESTMENT OF FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 62.143 (2026).

Text

Sec. 62.143. ADMINISTRATION AND INVESTMENT OF FUND.

(a)The Texas University Fund is a fund outside the state treasury held by the comptroller and administered by the trust company.

(b)The trust company shall administer and invest the fund in accordance with Section 20 , Article VII, Texas Constitution.

(c)The trust company shall determine the amount available for distribution from the fund in accordance with a distribution policy adopted by the comptroller that is designed to:

(1)preserve the purchasing power of the fund's assets over an economic cycle, subject to the liquidity needs of the fund; and

(2)provide as nearly as practicable a stable and predictable stream of annual distributions.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 62.143. ADMINISTRATION AND INVESTMENT OF FUND. (a) The Texas University Fund is a fund outside the state treasury held by the comptroller and administered by the trust company.
(b) The trust company shall administer and invest the fund in accordance with Section 20 , Article VII, Texas Constitution.
(c) The trust company shall determine the amount available for distribution from the fund in accordance with a distribution policy adopted by the comptroller that is designed to:
(1) preserve the purchasing power of the fund's assets over an economic cycle, subject to the liquidity needs of the fund; and
(2) provide as nearly as practicable a stable and predictable stream of annual distributions.

Legislative History

Added by Acts 2009, 81st Leg., R.S., Ch. 287 (H.B. 51 ), Sec. 13, eff. September 1, 2009. Amended by: Acts 2023, 88th Leg., R.S., Ch. 1004 (H.B. 1595 ), Sec. 13, eff. January 1, 2024.