Texas Statutes
§ 66.09 — COST VALUE OF INVESTMENTS AND OTHER ASSETS OF THE PERMANENT UNIVERSITY FUND.
Texas § 66.09
JurisdictionTexas
Code EDEducation Code
This text of Texas § 66.09 (COST VALUE OF INVESTMENTS AND OTHER ASSETS OF THE PERMANENT UNIVERSITY 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. § 66.09 (2026).
Text
Sec. 66.09. COST VALUE OF INVESTMENTS AND OTHER ASSETS OF THE PERMANENT UNIVERSITY FUND. If substantially all of the assets of the permanent university fund are invested in an internal investment fund established by the board of regents of The University of Texas System, the cost value of the permanent university fund's investment in the commingled fund for the purpose of Sections 18 (a) and (b), Article VII, Texas Constitution, shall be calculated by multiplying the permanent university fund's ownership percentage in the commingled fund by the commingled fund's net asset value at cost as determined by the board of regents. The permanent university fund's ownership percentage of the commingled fund shall be determined by dividing the permanent university fund's units of participation or sh
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Legislative History
Added by Acts 1999, 76th Leg., ch. 1467, Sec. 1.06, eff. June 19, 1999.
Nearby Sections
15
§ 66.01
PERMANENT UNIVERSITY FUND.§ 66.02
AVAILABLE UNIVERSITY FUND.§ 66.05
REPORTS.§ 66.08
INVESTMENT MANAGEMENT.§ 66.21
REGISTRATION.§ 66.22
REFUNDING BONDS AND NOTES.§ 66.25
TAX EXEMPT.§ 66.42
DUTY OF LAND COMMISSIONER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 66.09, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/66.09.