So Freaking Rich

3,808 Views | 16 Replies | Last: 4 yr ago by Nosh
Clob94
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For the year ending Aug. 31, tapping the rich deposits of oil and natural gas generated $1.1 billion in royalty payments and other mineral revenue for the Permanent University Fund, one of the endowment accounts managed by the University of Texas/Texas A&M Management Co., known as UTIMCO. Annual payouts from the permanent fund benefit all of the UT System's campuses as well as six universities and six agencies in the A&M System. UT-Austin's allocation for the current budget year from that fund totaled $399 million; A&M-College Station received $119 million.


I love that oil money and I don't care if you went to school in BCS or Austin--- we have so much damn money between us it's insane. Everybody outside of Texas that poo poo's our PUF can suck it.
Flashdiaz
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AG
Clob94 said:

we have so much damn money between us it's insane. Everybody outside of Texas that poo poo's our PUF can suck it.

still waiting for my check.
45-70Ag
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AG
How long until the tards complain
Grits
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AG
tu can burn.
Wildcat
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AG
That ship sailed long ago. Tard has wanted its grubby hands in that pot for as long as I can recall. I'm old.
APHIS AG
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It is time to renegotiate the 1/3 - 2/3rds agreement for at the time, A&M only had three campuses to take care of.

Now we have eleven to t.u.'s eight. and we have seven agencies as part of the system and to t.u.'s six medical centers.
dixichkn
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AG
Agvet12
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AG
State of Texas much?
The Agly Duckling
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Am I reading the OP correctly, that U.T. - Austin is getting $399 mil., while our main campus in College Station is only getting $119 mil.? Can that be right?
TXAG 05
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AG
APHIS AG said:

It is time to renegotiate the 1/3 - 2/3rds agreement for at the time, A&M only had three campuses to take care of.

Now we have eleven to t.u.'s eight. and we have seven agencies as part of the system and to t.u.'s six medical centers.


We can't renegotiate, if we do, that lets in other schools and our piece of the pie gets smaller
Maroon Dawn
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Sip: "Hor Hor! You dumb Aggsieyyagseeieggsy is aktually a part of Duh Universitay!"

Ol Rock "Okay Cool so that means we get a share of your oil money. Pay me B****!"

Sip "Duh but wait we just meant you gots to do whats we says!"

Ol Rock: "Yeah no, we've always had separate BORs so it turns out we don't! But we DO need that share of the PUF. We're sending a truck over now."

Sip: "Stoopid Aggsieyeggieyesy!!"
wbt5845
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AG
APHIS AG said:

It is time to renegotiate the 1/3 - 2/3rds agreement for at the time, A&M only had three campuses to take care of.

Now we have eleven to t.u.'s eight. and we have seven agencies as part of the system and to t.u.'s six medical centers.
Those eight combined are a hell of a lot bigger than our eleven. There are 221,000 in the tu system and 153,000 in ours.
Maroon Dawn
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AG
wbt5845 said:

APHIS AG said:

It is time to renegotiate the 1/3 - 2/3rds agreement for at the time, A&M only had three campuses to take care of.

Now we have eleven to t.u.'s eight. and we have seven agencies as part of the system and to t.u.'s six medical centers.
Those eight combined are a hell of a lot bigger than our eleven. There are 221,000 in the tu system and 153,000 in ours.


That's not the issue

If we open up the PUF to renegotiate then every public U in the state will be screaming for a share of it and our share goes from 1/3rd to 1/25th
DifferenceMaker Ag
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So the sips outpace us by 4 to 1 in money that they receive for doing absolutely nothing, but fall behind on the money they lift a finger for to produce. Then they actually gloat about it. Literally no one would expect anything less from those bunch of dildo waving ***gots.
jrwoodchuck
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DifferenceMaker Ag said:

So the sips outpace us by 4 to 1 in money that they receive for doing absolutely nothing, but fall behind on the money they lift a finger for to produce. Then they actually gloat about it. Literally no one would expect anything less from those bunch of dildo waving ***gots.

And you get 1/3 for the same thing. Being UT's lil bro pays pretty well. Just take it and stfu.
goodAg80
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AG
The Lege has told both schools to spread the money around. The money goes to the Systems, not to a single campus. So both schools have purchased, started or taken over many satellite campuses to justify keeping the PUF to themselves. The UT system has expanded more than the A&M system
Our-turn-to-rule
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AG
DifferenceMaker Ag said:

So the sips outpace us by 4 to 1 in money that they receive for doing absolutely nothing, but fall behind on the money they lift a finger for to produce. Then they actually gloat about it. Literally no one would expect anything less from those bunch of dildo waving ***gots.
libtard behavior
Nosh
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In before Justin says "we" and someone has to remind him concordia community college gets nothing.
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