Professional Documents
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Enrollment (2012-13)
UT System Campus
PUF
1
On state-owned lands, situated mostly in the Permian Basin of West Texas, the UT System leases roughly 2 million acres for mining, natural gas extraction, oil drilling, and cattle grazing. The money from those leases goes to the Permanent University Fund (PUF), an endowment created in Texas constitution.
UT-Dallas
LEASES Oil Cattle Gas Mining
UT-Tyler
UT-Arlington
UT-El Paso
UT System Administration
UT-Permian Basin
UT-Austin
2
The principal from those leases is invested by the University of Texas Investment Management Company (UTIMCO). Those investments, per the constitution, are splitone-third to the A&M System, two-thirds to the UT System.
INV ES
T EN TM
IN C
$199,845,750 52,186
E M O
ON TI BU
DIS PE
AUF
3
$599,488,314
The return on those investments, not the principal, is disbursed annually to the Available University Fund (AUF). The amount of that income that gets disbursed is usually around 5 percent. Once again, one-third of the AUF goes to the A&M System, and two-thirds to the UT System. Because of a rule put in place by the Board of Regents, no less than 45 percent of the UT Systems share goes directly to the Austin campus.
ON SI R
DIS TR I
4
Overall, the AUF is divided between 18 institutions and six agencies, including funding for UT System administration. The UT Systems newest university in the South Texas valley is expected to be eligible for PUF funds, unlike its predecessors, UT-Brownsville and UT-Pan American.
UT Medical Branch
Pay interest and principal due on PUF Bondsloans paid back from the AUF.