University Lands FY24 Annual Report

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GOVERNANCE

Board for Lease Members

The University of Texas System Board of Regents manages the strategic direction, development activities and stewardship of the Permanent University Fund (PUF) Lands. UT System Board of Regents

Dawn Buckingham Chairwoman, Board for Lease Commissioner, Texas General Land Office

2 UT Regents 1 Texas A&M Regent Commissioner, Texas General Land Office Board for Lease of University Lands The University of Texas System Administration is responsible for operations at all UT educational and health institutions. University Lands is a part of the UT System Administration Business Affairs division. UT System Administration The Board for Lease, chaired by the Commissioner of the Texas General Land Office, provides statutory oversight and governance for agreements to develop oil and gas minerals on PUF Lands. 5 UT Representatives 3 Texas A&M Representatives Commissioner, Texas General Land Office UT System Business Affairs Executive Vice Chancellor The University Lands Advisory Board (ULAB) is charged with providing guidance to the University Lands leadership team to help determine strategy and recommendations to the UT System Board of Regents to ensure responsible stewardship of PUF Lands. University Lands Advisory Board

David Baggett Regent, Texas A&M University System

Christina Melton Crain Regent, The University of Texas System

Nolan Perez Regent, The University of Texas System

GOVERNANCE

ANNUAL REPORT 2024

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