The Permanent University Fund (PUF) (link)
The Permanent University Fund (PUF) is one of our state’s most unique, important, and enduring competitive advantages. In 1876, the Texas Constitution set aside land in West Texas to support The University of Texas and Texas A&M systems of higher education. Today, that land – encompassing 2.1 million acres – is leased to oil and gas companies whose wells generate revenue that flows into the PUF. Land also is leased for grazing, wind farms and other revenue-generating activities.
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In response to this post by WahooRQ)
Link: The Permanent University Fund (PUF)
Posted: 11/13/2023 at 2:37PM