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.
Structure Texas Statutes
Subtitle C - The University of Texas System
Chapter 66 - Permanent University Fund
Subchapter A. Composition, Investment, and Use
Section 66.01. Permanent University Fund
Section 66.02. Available University Fund
Section 66.04. Validity of Bonds Purchased by Board
Section 66.06. Written Objectives; Performance Evaluation
Section 66.07. Custody and Investment of Assets Pending Transactions
Section 66.08. Investment Management
Section 66.09. Cost Value of Investments and Other Assets of the Permanent University Fund