Investment Policies - University of Texas System投资政策-德克萨斯大学系统.doc

The University of Texas System Rules and Regulations of the Board of Regents Rule: 70201 Page PAGE 1 of NUMPAGES 5 1. Title Investment Policies 2. Rule and Regulation Sec. 1 Permanent University Fund (PUF). The policies for the investment of funds for the PUF shall be those outlined in the Permanent University Fund Investment Policy Statement. Sec. 2 Investment Pools. The policies for the investment of funds for U.?T. investment pools shall be those outlined in the applicable Investment Policy Statement. Each pooled fund established by The University of Texas System shall be administered according to the U. T. System Separately Invested Funds Investment Policy Statement, the fund’s trust indenture, and applicable law. Sec. 3 Endowments. Endowment funds and funds functioning as endowments will be managed in a manner consistent with the governing instrument, The University of Texas System Administration Policy UTS138, Gift Acceptance Procedures, and the investment standards set forth in the Uniform Management of Institutional Funds Act (Texas Property Code, Chapter 163 et seq.). These funds will?be invested in the Long Term Fund unless the terms of the instrument by which the endowment was created preclude commingling of assets. Those endowments for which the terms of the instrument preclude the commingling of assets or for which illiquid assets are held will be separately invested. Sec. 4 Life Income Funds. Life income funds will be invested and administered consistent with the governing instrument, The U.?T. System Separately Invested Endowment, Trust, and Other Accounts Investment Policy Statement, the U. T. System Gift Acceptance Procedures, and the investment standards set forth in?the Texas Trust Code (Texas Property Code Section 111.001 et seq.). Sec. 5 System Medical Liability Fund. The Professional Medical Liability Fund shall be administered in a manner consistent with all provisions of the System Professional Medical Liability Benefit Plan