SENATE
NOTICE OF PUBLIC HEARING
COMMITTEE:
Higher Education
TIME & DATE:
9:00 AM, Thursday, March 25, 2010
PLACE:
E1.012 (Hearing Room)
CHAIR:
Senator Judith Zaffirini
 
The Senate Higher Education Committee will hold a public hearing to
address Interim Charge Seven:
 
Review endowed funds at institutions of higher education to ensure
compliance with all state laws and, in particular, the Uniform Prudent
Management of Institutional Funds Act. Study and make recommendations for
requiring all institutions of higher education to report annually to
donors on the use of gifts and endowed funds. Review state laws to
determine if they provide adequate oversight of these funds. Study the
manner in which scholarship and other funds are given and bequeathed to
institutions of higher education and make recommendations for ensuring
that donors' wishes are honored while institutions are allowed appropriate
flexibility with the use of the funds.
*Public testimony will be limited to three minutes.