Texas Administrative Code
Title 19 - EDUCATION
Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
Chapter 15 - RESEARCH FUNDS
Subchapter B - TEXAS UNIVERSITY FUND
Section 15.28 - Endowment Calculation

Universal Citation: 19 TX Admin Code § 15.28

Current through Reg. 50, No. 13; March 28, 2025

(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.

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