Texas Education Code - Section 66.06. Written Objectives; Performance Evaluation
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§ 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, § 2, eff. Aug.
29, 1983. Amended by Acts 1995, 74th Leg., ch. 823, § 9, eff.
Aug. 28, 1995.
Section: 65.43 65.45 65.46 66.01 66.02 66.04 66.05 66.06 66.07 66.08 66.09 66.21 66.22 66.23 66.24
Last modified: August 10, 2007
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