Claim: Says a portfolio managed by the Texas General Land Office earned 22 percent last year while the state's emergency reserve account experienced a 1 percent gain.
Fact-check: Jerry Patterson says investments overseen by his office enjoyed 22 percent in earnings while state's emergency reserve earned 1 percent
Verdict: mostly-true
Organisation: PolitiFact
Author: W. Gardner Selby
Date published: 2012-08-28T00:00:00