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The entrance to the T.R.S. Building on Red River Street in Austin. Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas.Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits.
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The Foundation's main source of revenue consists of dividends from stock held in the American National Insurance Company, the majority of which is controlled by both the Moody Foundation and the Libbie Shearn Moody Trust. The trust department of the Moody National Bank administers the finances of both the Foundation and the Trust. [5] [6] [7]
"(a) The Texas tomorrow fund is created as a trust fund dedicated to the prepayment of tuition and fees for higher education as provided by the general laws of this state for the prepaid higher education tuition program. The assets of the fund are held in trust for the benefit of participants and beneficiaries and may not be diverted.
A former member of the Dallas Independent School District's board of trustees, he was appointed commissioner of education by Texas Gov. Greg Abbott on December 14, 2015. [22] The commissioner's role is to lead and manage the Texas Education Agency. The commissioner also co-ordinates efforts between state and federal agencies. [21] [23]
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
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The Texas Permanent School Fund is a sovereign wealth fund which serves to provide revenues for funding of public primary and secondary education in the US state of Texas. [2] Its assets include many publicly owned lands within Texas and various other investments; as of the end of fiscal 2020 (August 31), the fund had an endowment of $48.3 ...