Untitled Texas Attorney General Opinion

%-HE A ORNEY May 5, 1950 Hon. Theophilus 3. Painter, President The University of Texas Austin, Texas OpinionBo. V-1052. Re: The legality of invest-~ ing the Permanent Uni- versity Fund in bonds of common and independ- ent sohool districts Dear Sir: of Texas. We quote from your inquiry as follows: "The investments of the Permanent Uni- versity Fund are made pursuant to the author- ity delegated to the Board of Regents by Artiole 259la, Vernon's Annotated Civil gtat- utes of Texas, and by Section 11 of Article VII of the Constitutionof Texas, as amended. We would appreciate very much your…