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On January 31, 1860, wanting to avoid raising taxes, the legislature authorized the funds for the University of Texas. [7] Article 7, Section 11 of the 1876 Constitution established the Permanent University Fund (PUF), a sovereign wealth fund managed by the Board of Regents of the University of Texas, dedicated to the university's maintenance ...
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During the 1960s alone the number of students attending the University of Texas at Austin doubled, reaching 39,000 by 1970. Government employees in Travis County tripled between 1950 and 1970 to 47,300. University of Texas buildings multiplied, with the Lyndon Baines Johnson Library opening in 1971. A complex of state office buildings was ...