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Senate Bill 1019 |
Senate Author: Estes |
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Effective: 9-1-13 |
House Sponsor: Frank |
Senate Bill 1019 amends the Education Code to authorize the governing board of an institution of higher education that does not have under its control at least $25 million in book value of endowment funds to contract to pool funds with another institution that meets the $25 million endowment fund threshold and have its funds invested by that governing board under prudent person standards.