This law establishes a permanent fund for the University of Texas, allowing the Legislature to manage and invest property and proceeds for its benefit. It ensures that all related lands, sales, and donations are dedicated to supporting the university's operations and growth.
Creates a permanent fund for the University of Texas.
Allows investment of property proceeds in government bonds.
Ensures dedicated support through grants and donations.
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In simple terms: Learn about Texas's law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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