reglab/housing_qa huggingface dataset:
TX Educ Code § 66.06 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter A. Composition, Investment, and Use|Section 66.06. Written Objectives; Performance Evaluation

Sec. 66.06.  WRITTEN OBJECTIVES;  PERFORMANCE EVALUATION.  (a)  The board of regents of The University of Texas System shall develop written investment objectives concerning the investment of the permanent university fund.  The objectives may address desired rates of return, risks involved, investment time frames, and any other relevant considerations.(b)  The board of regents shall evaluate and analyze the investment results of the permanent university fund.  The service shall compare investment results with the written investment objectives developed by the board of regents, and shall also compare the investment of the permanent university fund with the investment of other funds operating with substantially the same objectives and restrictions.|Added by Acts 1983, 68th Leg., p. 5097, ch. 925, Sec. 2, eff. Aug. 29, 1983.  Amended by Acts 1995, 74th Leg., ch. 823, Sec. 9, eff. Aug. 28, 1995.|
TX Educ Code § 66.07 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter A. Composition, Investment, and Use|Section 66.07. Custody and Investment of Assets Pending Transactions

Sec. 66.07.  CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.  With the approval of the comptroller, the board of regents of The University of Texas System may appoint one or more commercial banks, depository trust companies, or other entities to serve as a custodian or custodians of the permanent university fund's securities with authority to hold the money realized from those securities pending completion of an investment transaction if the money held is reinvested within one business day of receipt in investments determined by the board of regents.  Money not reinvested within one business day of receipt shall be deposited in the state treasury not later than the fifth day after the date of receipt.|Added by Acts 1997, 75th Leg., ch. 1311, Sec. 2, eff. Sept. 1, 1997.|
TX Educ Code § 66.09 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter A. Composition, Investment, and Use|Section 66.09. Cost Value of Investments and Other Assets of the Permanent University Fund

Sec. 66.09.  COST VALUE OF INVESTMENTS AND OTHER ASSETS OF THE PERMANENT UNIVERSITY FUND.  If substantially all of the assets of the permanent university fund are invested in an internal investment fund established by the board of regents of The University of Texas System, the cost value of the permanent university fund's investment in the commingled fund for the purpose of Sections 18(a) and (b), Article VII, Texas Constitution, shall be calculated by multiplying the permanent university fund's ownership percentage in the commingled fund by the commingled fund's net asset value at cost as determined by the board of regents.  The permanent university fund's ownership percentage of the commingled fund shall be determined by dividing the permanent university fund's units of participation or shares by the total units or shares of the commingled fund.|Added by Acts 1999, 76th Leg., ch. 1467, Sec. 1.06, eff. June 19, 1999.|
TX Educ Code § 66.21 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter B. Permanent University Fund Bonds and Notes|Section 66.21. Registration

 Sec. 66.21.  REGISTRATION.  All bonds and notes issued pursuant to the provisions of Article VII, Section 18, of the Texas Constitution, as originally adopted or as amended, shall be registered by the comptroller of public accounts after they have been approved by the attorney general.|Acts 1971, 62nd Leg., p. 3150, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.22 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter B. Permanent University Fund Bonds and Notes|Section 66.22. Refunding Bonds and Notes

Sec. 66.22.  REFUNDING BONDS AND NOTES.  Any bonds or notes issued pursuant to the constitutional provisions described in Section 66.21 of this code, or issued pursuant to this subchapter, may be refunded by the governing board which issued the bonds or notes, upon such terms and conditions, including interest rates and maturities, as may be determined by that board, provided that such terms and conditions shall not be inconsistent with the applicable constitutional provisions.  Any such bonds or notes may be so refunded by the issuance of refunding bonds or notes, either to be exchanged for the bonds or notes being refunded and cancelled, or to be sold, with the proceeds to be used for the redemption and cancellation of the bonds or notes being refunded.|Acts 1971, 62nd Leg., p. 3150, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.23 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter B. Permanent University Fund Bonds and Notes|Section 66.23. Refunding Bonds and Notes: Approval; Registration

Sec. 66.23.  REFUNDING BONDS AND NOTES:  APPROVAL;  REGISTRATION.  All refunding bonds or notes authorized to be issued under this subchapter and the records relating to their issuance, including any proceedings relating to the redemption of any outstanding bonds or notes, shall be submitted to the attorney general for examination, and if he finds that they have been issued in accordance with law, he shall approve them, and then they shall be registered by the comptroller of public accounts, and after such approval and registration they shall be incontestable.  When any such refunding bonds or notes are issued to be exchanged for any outstanding bonds or notes, the comptroller of public accounts shall register and deliver such refunding bonds on surrender for cancellation of the bonds or notes being refunded.  When any such refunding bonds or notes are sold, with the proceeds to be used for redeeming any outstanding bonds or notes, the comptroller of public accounts shall register such refunding bonds or notes, even though the bonds or notes to be redeemed shall not have been surrendered for redemption or cancellation.|Acts 1971, 62nd Leg., p. 3150, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.24 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter B. Permanent University Fund Bonds and Notes|Section 66.24. Authorized Investments; Security for Deposits

Sec. 66.24.  AUTHORIZED INVESTMENTS;  SECURITY FOR DEPOSITS.  All bonds and notes, whether original or refunding, issued pursuant to the constitutional provisions or issued pursuant to this subchapter, shall be fully negotiable instruments, and all bonds and notes are declared to be legal and authorized investments for banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, fiduciaries, trustees, guardians, and for the sinking funds of cities, towns, villages, counties, school districts, and all other political corporations or subdivisions of the State of Texas;  and the bonds and notes shall be eligible to secure the deposit of any and all public funds of the State of Texas, and any and all public funds of cities, towns, villages, counties, school districts, and all other political corporations or subdivisions of the State of Texas;  and the bonds and notes shall be lawful and sufficient security for those deposits to the extent of their par value when accompanied by all unmatured coupons appurtenant to them.|Acts 1971, 62nd Leg., p. 3150, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.25 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter B. Permanent University Fund Bonds and Notes|Section 66.25. Tax Exempt

Sec. 66.25.  TAX EXEMPT.  The carrying out of the purposes of the constitutional provisions and of this subchapter will be performing an essential public function under the constitution, and all bonds and notes, whether original or refunding, heretofore or hereafter issued pursuant to the constitutional provisions or this subchapter, and their transfer and the income from them, including the profits made on their sale, shall at all times be free from taxation of this state.|Acts 1971, 62nd Leg., p. 3151, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.41 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter C. Management of University Lands|Section 66.41. Management of University Lands

Sec. 66.41.  MANAGEMENT OF UNIVERSITY LANDS.  The board of regents of The University of Texas System has the sole and exclusive management and control of the lands set aside and appropriated to, or acquired by, the permanent university fund.  The board may sell, lease, and otherwise manage, control, and use the lands in any manner and at prices and under terms and conditions the board deems best for the interest of the permanent university fund, not in conflict with the constitution.  However, the land shall not be sold at a price less per acre than that at which the same class of other public land may be sold under the statutes.  No grazing lease shall be made for a period of more than 10 years.|Acts 1971, 62nd Leg., p. 3151, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.42 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter C. Management of University Lands|Section 66.42. Duty of Land Commissioner

Sec. 66.42.  DUTY OF LAND COMMISSIONER.  The commissioner of the general land office shall:(1)  furnish to the board of regents complete and accurate maps and all other data necessary to show the location and condition of every tract of the university lands;(2)  furnish to the board any additional information it may require;  and(3)  render to the board any possible assistance it may request in the discharge of its duties under this chapter.|Acts 1971, 62nd Leg., p. 3151, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.43 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter C. Management of University Lands|Section 66.43. University Lands: Surveys; Personnel

Sec. 66.43.  UNIVERSITY LANDS:  SURVEYS;  PERSONNEL.  (a)  The board of regents shall cause to be done such surveying or resurveying of the blocks and subdivisions of the university lands as may be necessary to enable the lines of the blocks and sections and fractional sections to be determined and identified and have such corners as may be necessary to that end permanently marked.  When it is impracticable to establish such lines and corners as originally surveyed, or when such sections have not been actually surveyed on the ground, the blocks shall be surveyed or resurveyed and divided into surveys of sections and fractional sections, and as many corners thereof as may be necessary for the identification shall be permanently marked.  The surveyors to do such surveying shall be employed by the board.  The field notes of such surveys shall be returned to the general land office, and when correct and in accordance with law shall be approved by the commissioner of the general land office, filed in the general land office, and become archives therein.(b)  The board of regents may employ and compensate personnel the board deems necessary in connection with performance of any duties under this section or under Subchapter D of this chapter.|Acts 1971, 62nd Leg., p. 3151, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.44 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter C. Management of University Lands|Section 66.44. Management of Minerals Other Than Oil and Gas

Sec. 66.44.  MANAGEMENT OF MINERALS OTHER THAN OIL AND GAS.  The board of regents has the sole and exclusive management and control of all minerals, other than oil and gas, in lands set aside and appropriated to, or acquired by the permanent university fund.  The board may sell, lease, and otherwise manage and control the minerals, other than oil and gas, in those lands as may seem best to it for the interests of the permanent university fund.  The board may also explore and have explored and developed the minerals and may make any contract or contracts with any person, association of persons, firm, or corporation for the exploration, development, mining, production, disposition, and sale of the minerals in those lands.|Acts 1971, 62nd Leg., p. 3152, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 66.45 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter C. Management of University Lands|Section 66.45. Soil and Water Conservation Plans

Sec. 66.45.  SOIL AND WATER CONSERVATION PLANS.  Under each lease issued under this subchapter for agricultural or grazing purposes, the lessee shall be required to implement a soil and water conservation plan reviewed and approved by the board of regents of The University of Texas System under procedures adopted by the board.  The board, in reviewing a plan, and the lessee, in implementing a plan, may be assisted by the United States Department of Agriculture Soil Conservation Service.|Added by Acts 1985, 69th Leg., ch. 613, Sec. 7, eff. Sept. 1, 1985.|
TX Educ Code § 66.61 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter D. Board for Lease of University Lands|Section 66.61. Definitions

Sec. 66.61.  DEFINITIONS.  In this subchapter:(1)  "Board" means the Board for Lease of University Lands.(2)  "Board of regents" means the board of regents of The University of Texas System, except where otherwise specified.(3)  "Commissioner" means the commissioner of the General Land Office.(4)  "Oil and gas" means crude oil, natural gas, and all substances, including other hydrocarbons, produced in association with crude oil and natural gas.(5)  "University lands" means land dedicated to the permanent university fund.(6)  "Well" means an oil or gas well that has been assigned a well number by the state agency having regulatory jurisdiction over the production of oil and gas.  A single wellbore may contain more than one well.|Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff. Jan. 1, 1998.|
TX Educ Code § 66.63 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter D. Board for Lease of University Lands|Section 66.63. Certain Board Actions

Sec. 66.63.  CERTAIN BOARD ACTIONS.  (a)  A majority of the members of the board have the power to act for the board on a matter before the board.  Two members of the board have the power to award leases issued on a form of lease previously approved by a majority of the board.(b)  The validity of an action of the board is not affected because it was taken when a ground for removal of a regent member of the board existed.  A regent member continues to serve until removed under Section 66.62(g).|Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff. Jan. 1, 1998.|
TX Educ Code § 66.64 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter D. Board for Lease of University Lands|Section 66.64. Powers and Duties of the Board

Sec. 66.64.  POWERS AND DUTIES OF THE BOARD.  (a)  The board shall in a manner consistent with this subchapter:(1)  lease university lands for oil and gas exploration and development on terms, at times, and in the manner it may determine;(2)  contract for the sale or other disposition of oil and gas royalties taken in kind;(3)  adopt rules and policies for the administration and enforcement of this subchapter and leases issued under this subchapter;(4)  set fees and penalties for the administration and enforcement of this subchapter;(5)  set the terms of a contract for the development of university lands for oil and gas;(6)  approve agreements that commit the royalty interest in university lands on terms acceptable to the board;  and(7)  exercise other powers and authority and perform other duties as may be reasonably necessary to administer and enforce the provisions of this subchapter.(b)  The board shall hold meetings and keep records of its proceedings in a manner consistent with the requirements of Chapter 551, Government Code.  The board shall develop and implement policies which provide the public with a reasonable opportunity to appear before the board, to speak on an issue under the board's jurisdiction, or be heard with respect to a declaration of forfeiture.  The board shall give written notice to each lessee whose leasehold interest may be forfeited.  Such notice shall be given at least 21 days before the meeting at which the board will consider forfeiture of the lease.  The notice shall state the time, date, and place of the meeting of the board and include a statement of the board's policy concerning the public's opportunity to be heard with respect to a declaration of forfeiture.  Notice shall be properly given when mailed to the last known address of the lessee based on the records of the board of regents or, if the records do not contain an address, to any address that may reasonably be determined to be an address for the lessee.(c)  Except as otherwise provided in this subchapter, the records of the board are subject to the requirements of Chapter 552, Government Code.(d)  The financial transactions of the board are subject to audit by the state auditor in accordance with Chapter 321, Government Code.(e)  The board may delegate to the staff provided to it by the board of regents any duty except as prohibited by law.(f)  The board shall appoint a secretary.|Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff. Jan. 1, 1998.|
TX Educ Code § 66.65 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter D. Board for Lease of University Lands|Section 66.65. Board Staff; Exchange of Information With State Agencies

Sec. 66.65.  BOARD STAFF;  EXCHANGE OF INFORMATION WITH STATE AGENCIES.  (a)  The board of regents shall employ and compensate personnel to assist the board in the performance of its powers and duties under this subchapter or may assign employees of The University of Texas System to those duties.(b)  The members of the board, personnel and counsel employed or assigned to assist the board, the board of regents, staff of The University of Texas System, the commissioner and staff of the General Land Office, the board of regents and staff of The Texas A&M University System, the office of the comptroller, the office of the attorney general, and any other agency or official of the state with a reasonable business interest in state or university lands, minerals, or resources may consult with each other and exchange information related to the administration of leases, collection and disposition of royalties, whether in cash or in kind, and any other matter related to the lease, sale, or production of, or the exploration for, oil, gas, or any other mineral or resource, including geothermal, wind, and solar energy on state or university lands.  The information so exchanged and consultations and related communications shall be or shall remain confidential and shall be privileged from discovery in the same manner and to the same extent as if the persons consulted, which includes counsel, were members of the same agency.  Sections 52.134 and 52.140, Natural Resources Code, shall not prohibit the consultations or exchange of information provided for by this section;  however, each agency receiving such confidential information is required to keep the information confidential under Sections 52.134 and 52.140, Natural Resources Code, as appropriate, and to take all reasonable actions necessary to protect the confidential and privileged nature of the information.|Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff. Jan. 1, 1998.|
TX Educ Code § 66.66 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle C - The University of Texas System|Chapter 66 - Permanent University Fund|Subchapter D. Board for Lease of University Lands|Section 66.66. Lease Sales

Sec. 66.66.  LEASE SALES.  (a)  Oil and gas leases shall be offered at public auction or by sealed bid, or through a combination of public auction and sealed bid, as the board elects.  Contracts for development may be awarded in the same manner.(b)  The board shall publish notice that the board will receive bids for oil and gas leases or contracts for development of oil and gas in two or more daily newspapers in this state and in other publications as the board may choose.(c)  The notice shall be published at least 30 days before the date the bids will be opened.(d)  The notice shall state that land is to be offered for lease or a contract for development and that a person may obtain a publication from The University of Texas System offices that describes the land offered and the minimum terms.(e)  The board of regents may solicit and include advertising in the publication describing a lease sale.  Fees paid for advertising shall be deposited into the special fee account established by Subsection (g) and are available for the same purposes as described in that subsection.(f)  The board may withdraw any lands advertised for lease before the hour set for receiving bids.(g)  Each bid is subject to the payment of a special fee equal to one and one-half percent of the total bonus whether stipulated or bid, which special payment shall constitute a special fund from which the board of regents shall defray the expenses of the sale, including the payment of the general operating expenses for geology, engineering, field inspection, and auditing oil and gas production of university lands and including salaries and traveling expenses of persons employed by the board of regents for those purposes.(h)  The board of regents may direct the comptroller of The University of Texas System to transmit to the state comptroller for deposit to the credit of the permanent university fund unexpended balances remaining in the special fee account after reserving a sufficient amount in it for the payment of current expenses as set out in Subsection (g).|Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff. Jan. 1, 1998.|