CREATION OF FUNDS

(a) A separate permanent endowment fund is established for the benefit of each of the following institutions of higher education: (1) The University of Texas Health Science Center at San Antonio; (2) The University of Texas M. D. Anderson Cancer Center; (3) The University of Texas Southwestern Medical Center; (4) The University of Texas Medical Branch at Galveston; (5) The University of Texas Health Science Center at Houston; (6) The University of Texas Health Science Center at Tyler; (7) The University of Texas at El Paso; (8) The Texas A&M University Health Science Center; (9) the University of North Texas Health Science Center at Fort Worth; (10) the components of the Texas Tech University Health Sciences Center located in El Paso; (11) the components of the Texas Tech University Health Sciences Center at locations other than El Paso; (12) the regional academic health center established under Section 74.611; and (13) Baylor College of Medicine, if a contract between Baylor College of Medicine and the Texas Higher Education Coordinating Board is in effect under Section 61.092. (b) Each separate permanent endowment fund is a special fund in the treasury outside the general revenue fund. (c) Each separate permanent endowment fund is composed of: (1) money transferred to the fund at the direction of the legislature; (2) gifts and grants contributed to the fund; and (3) the returns received from investment of money in the fund.