The Permanent University Fund (PUF) was established by the Texas Constitution in 1876. As others have pointed out the PUF has grown to over $8 billion dollars and has been reserved exclusively for the University of Texas and Texas A&M University for over 130 years. This money has helped these two schools develop some of the finest academic programs in the nation. They are able to provide the finest facilities and attract both the top professors and the top students because of this resource, while other schools across Texas struggle. This proposition is the first time we have ever been able to get a portion of this vast fortune allocated to any other universities. Such action is long overdue and will help these other schools achieve the same level of excellence achieved by the University of Texas and Texas A&M. That said, HB51 does not provide the other seven schools with a free ride. They must first meet six criteria established by HB 51 to be eligible for t
The Permanent University Fund (PUF) was established by the Texas Constitution in 1876. As others have pointed out the PUF has grown to over $8 billion dollars and has been reserved exclusively for the University of Texas and Texas A&M University for over 130 years. This money has helped these two schools develop some of the finest academic programs in the nation. They are able to provide the finest facilities and attract both the top professors and the top students because of this resource, while other schools across Texas struggle.
This proposition is the first time we have ever been able to get a portion of this vast fortune allocated to any other universities. Such action is long overdue and will help these other schools achieve the same level of excellence achieved by the University of Texas and Texas A&M.
That said, HB51 does not provide the other seven schools with a free ride. They must first meet six criteria established by HB 51 to be eligible for t