Relating to the composition and appointment of the board of directors of a corporation to which the board of regents of The University of Texas System delegates investment authority for the permanent university fund or other funds under the control of the board of regents.
Impact
The bill is expected to have significant implications for state laws concerning the governance of higher education financial management. By redefining the composition of the board, the legislation seeks to ensure that the individuals overseeing substantial financial resources have relevant expertise and align with the educational priorities of the university system. It emphasizes accountability and specialization, which may improve the fund's performance and governance overall.
Summary
House Bill 2825 aims to amend the composition and appointment process of the board of directors for a corporation that manages investment authority for the Permanent University Fund and other funds under the control of The University of Texas System. The bill proposes that the board will consist of nine members, with specific requirements for their backgrounds and expertise in investments, thereby enhancing the governance and oversight of university investment activities.
Contention
Notable points of contention around HB2825 could include debates about the balance of power and representation on the board. Critics might argue that changing the appointment process and board composition could limit the diversity of opinions and restrict local governance aspects. Advocates, however, could contend that this change is essential for improving investment decisions and accountability in utilizing the funds responsibly to support educational missions.
Proposing a constitutional amendment to entitle all component institutions of The Texas A&M University System and The University of Texas System to participate in the income and other benefits of the permanent university fund.
Relating to the composition of the board of directors of the Texas Agricultural Finance Authority and grant amounts under the young farmer grant program administered by the authority.
Proposing a constitutional amendment reducing The University of Texas System's share of the income and other benefits of the permanent university fund, transferring to the national research university fund and general revenue fund a portion of the annual distribution made from the permanent university fund to the available university fund, appropriating the portion transferred to the national research university fund, and dedicating the portion transferred to the general revenue fund to provide for the support and maintenance of public institutions of higher education.
Proposing a constitutional amendment creating a university research fund to support emerging research universities in The University of Texas System or The Texas A&M University System and disqualifying all component institutions of those university systems from receiving money from the national research university fund.
Relating to the creation of a new university in Nacogdoches, Texas, within The University of Texas System and the allocation of the annual constitutional appropriation to certain agencies and institutions of higher education; abolishing Stephen F. Austin State University.
Relating to the creation of a new university in Nacogdoches, Texas, within The University of Texas System and the allocation of the annual constitutional appropriation to certain agencies and institutions of higher education; abolishing Stephen F. Austin State University.