(a) The governing board of each institution shall approve an itemized current operating budget on or before September 1 of each year.
(b) The governing boards of The University of Texas System and the Texas A&M University System shall approve Permanent University Fund (PUF) and Available University (AUF) budgets on or before September 1 of each year.
(c) The governing board of each institution eligible to receive HEF appropriations shall approve a HEF budget on or before September 1 of each year.
Source Note: The provisions of this §13.42 adopted to be effective May 21, 2001, 26 TexReg 3626; amended to be effective June 6, 2016, 41 TexReg 3998