19 Tex. Admin. Code § 15.28 - Endowment Calculation
(a) A TUF-eligible
institution may report a percentage share of the market value of the Texas
University Fund as a true endowment for financial reporting purposes.
(b) An institution shall calculate its
percentage share as seventy-five percent of the market value of the Texas
University Fund multiplied by the institution's share of the Permanent
Endowment for Education and Research base funding, as calculated in §
15.25 of this subchapter (relating
to Permanent Endowment for Education and Research Base Funding).
(c) The market value of the Texas University
Fund shall be as of August 31 of the reported fiscal year as determined by the
Comptroller of Public Accounts.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.