GOVERNANCE The University of Texas System Board of Regents manages the strategic direction, development activities and stewardship of the Permanent University Fund (PUF) Lands. Separately, the Board for Lease of University Lands, chaired by the Commissioner of the Texas General Land Office, provides statutory oversight and governance for agreements to develop oil and gas located under PUF Lands. The University Lands Advisory Board (ULAB) is charged with providing guidance to the University Lands leadership team to help determine strategy and provide guidance and recommendations to the UT System Board of Regents to ensure responsible stewardship of PUF Lands. The ULAB is made up of industry-savvy members appointed by both the University of Texas and Texas A&M University Systems, as well as a standing position for the Texas Land Commissioner.
UT SYSTEM BOARD OF REGENTS
UT SYSTEM ADMINISTRATION
UNIVERSITY LANDS ADVISORY BOARD 5 UT Representatives 3 Texas A&M Representatives Texas Land Commissioner
BOARD FOR LEASE 2 UT Regents 1 Texas A&M Regent
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