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After the Civil War and Reconstruction, in 1876 Texas enacted a new constitution which changed the fund's name to the Permanent School Fund and transferred half of the public lands owned by the state to the fund as its new endowment. The 1876 constitution also tasked the General Land Office with the management of these lands and the fund. [3]
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
SB 1 is the Texas Senate’s proposed state budget for the 2026-2027 biennium and written by Huffman, members of the Finance Committee and Lt. Gov. Dan Patrick’s budget team. ... The 2026-2027 ...
Texas: Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12.6: March 2017 [7] Minerals 6 North Dakota: North Dakota Legacy Fund ...
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The Texas Permanent School Fund pulled its $8.5 billion investment from the asset-management giant BlackRock on Tuesday, saying its environmental policies are harmful to the state's energy industry.
By government accounting standards the fund has lost $25 million so far. but a separate valuation of the fund for legislators produced a significant gain in fund value. [13] Texas government code 490.102 (a) (1) specifies a 50% allocation of legislative appropriations for ETF to Incentives for Commercialization Activities awards, though ...
The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.