The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
- (1) Auxiliary Enterprise--Activities providing a service to students, faculty, or staff for a fee directly related to, although not necessarily equal to, the cost of the service.
- (2) Available University Fund (AUF)--A fund established in Article 7 of the Constitution to receive all interest and earnings of the Permanent University Fund and used to pay the debt service on PUF-backed bonds.
- (3) Board or Coordinating Board--The Texas Higher Education Coordinating Board.
- (4) Current Operating Funds--Unrestricted (appropriated) funds, designated funds, restricted funds, and auxiliary enterprise funds.
- (5) Functional categories--Instruction, research, public service, academic support, student service, institutional support, operation and maintenance of plant, and hospital as defined by NACUBO.
- (6) General Revenue (GR)--State tax revenue
- (7) Governmental Accounting Standards Board (GASB)--An entity created by the Financial Accounting Foundation to set accounting standards for governmental entities including public institutions of higher education.
- (8) Higher Education Assistance Fund (HEAF)--A fund established in Article 7 of the Constitution to fund capital improvements and capital equipment for institutions not included in the Permanent University Fund.
- (9) Institutional Funds--Fees, gifts, grants, contracts, and patient revenue, not appropriated by the legislature.
- (10) Local Funds--Tuition, certain fees, and other educational general revenue appropriated by the legislature.
- (11) National Association of College and University Business Officers (NACUBO)--Provides guidance in business operations of higher education institutions.
- (12) Permanent University Fund (PUF)--A fund established in Article 7 of the Constitution to fund capital improvements and capital equipment at certain institutions of higher education.
Source Note:The provisions of this §13.1 adopted to be effective May 21, 2001, 26 TexReg 3625.