re: Aggies make locker room code 50-7

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But he is not . . . .Texas A&M became its own separate system in 1948. It has its own separate trustees, legislative appropriations, etc etc. Ditto for the other systems in the state including Texas Tech and UofH.

The PUF stuff is largely an archaic book-keeping and back-office convention from the late 1800s. The Texas system has no control over how much is given out to other institutions. It is told what to do by the legislature which in turn has to get voter sign off for any changes.


Oh, really?

" On 7 February 2008, after months of study, the UT Board of Regents authorized an increase in AUF annual transfers, from 4.75% of the PUF value to 5.00%, citing recent PUF growth of more than 10% per year and unrest over the large annual increases in tuition at UT Austin."

For your simple mind in Monopoly terms.. UT has all the properties, developed and controls the houses and hotels & gives aggy 1/3 of the annual dividends, keeping 2/3's for themselves while also determining what the annual dividend will be.

All for being the foster child nobody wanted, yet never wrote you out of the will.


Right now there is a big political discussion of stripping both A&M and Texas's allocation and re-allocating portions to other systems around the state. If the legislator decides that is ok, there is nothing A&M or UT can do about it and that just underscores how blitheringly idiotic any notion of the funds belonging to the Texas system or being "given away". The PUF is a wholly separate endowment that currently pays out to a select group of beneficiaries. The UT system is just a convenient parking place for state assets given its pretty old role as the accounting office.

Interesting...

"Additionally, Article 7, Section 11 of the 1876 Constitution established the Permanent University Fund, a sovereign wealth fund managed by the Board of Regents of the University of Texas and dedicated for the maintenance of the university."

"The PUF's land assets are managed by the University of Texas System Administration. The PUF's fiduciary assets are managed by the University of Texas/Texas A&M Investment Management Company (UTIMCO), a nonprofit group formed to manage various assets of the UT and Texas A&M Systems and governed by a volunteer Board of Directors.

Guess who has controlling interest in UTIMCO? Guess who UTIMCO reports to?

So you believe 2M acres of land was appropriated to UT for grazing rights & whilst in the exclusive hands of UT that land was developed into a $30 Billion empire, yet will be stripped by legislators of which the majority are affiliated with UT?

A convenient parking space? Bitch, we built the entire parking garage. You get free parking because it was easier to fund you than to deal with you.


Interestingly, the endowment was put together before the University of Texas or A&M were even envisioned by Texas citizens. It was put forth by the Republic of Texas prior to Texas becoming part of the United States. A&M didn't start operating until 1871 . . .almost 40 years later. Texas did not start for another decade or almost a half century later.

What do you tell a bitch with two blacks eyes?

"The Permanent University Fund was established by the 1876 Constitution of the State of Texas. Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres in West Texas as compensation) as well as 1 million acres additional. In addition, the 1876 Constitution organized the University of Texas System, under which governance of Texas A&M University and UT Austin was placed."




Both University Systems are lucky that the low-rent West Texas grazing lands gifted to the endowment turned out to be lucrative sources of mineral income. Both systems have been lucky to split the funds just themselves.

No bitch, you're lucky the Texas Constitution threw you in with the favorite son & lucky that favorite son didn't send you fishing with Fredo vs cutting you into the family wealth.

I am guessing in the near future the current dialogue regarding public education will at a minimum strip the UT of its extra 1/3rd and it will probably be cut up by the voters to a greater extent over the next 50 years.

You'll find out what happens when the real men tell you.


But hey, if you want to pretend that blind mineral luck and some far-sighted politicians from a half century before UT even existed mean there is some secret Longhorn brilliance that A&M should pray they never lose access to, go ahead and kid yourself.

"Blind mineral luck"... the words of one who has never accomplished anything, much less earned it.

The State, it's leaders & UT are the Texas Trinity... you dumb fricks can stroke each other with fish camp fantasies & run as far as you want & this will never change.

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Y’all need to take this shite to a B12 board

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An Aggie. The current manager of the PUF is an A&M Former Student.

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