MAP KEY

AUF Funds (FY 2012)

Enrollment (2012-13)

UT System Campus

{ PERMANENT UNIVERSITY FUND }

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

Southwestern Medical Center

UT-Tyler

UT-Arlington

UT-El Paso

UT System Administration

Health Science Center Tyler

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 split—one-third to the A&M System, two-thirds to the UT System.
INV ES

Health Science Center Houston

T EN TM

IN C

$199,845,750 52,186

E M O

ON TI BU

DIS PE

MD Anderson Cancer Center

{ AVAILABLE UNIVERSITY FUND }

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 System’s 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 System’s newest university in the South Texas valley is expected to be eligible for PUF funds, unlike its predecessors, UT-Brownsville and UT-Pan American.

Health Science Center San Antonio UT-San Antonio

UT Medical Branch

USES OF AUF FUNDS (UT SYSTEM)

Pay interest and principal due on PUF Bonds—loans paid back from the AUF.

Pay expenses for UT System Administration.

Provide for academic excellence at UT-Austin.

Fund UT System initiatives and projects.