(a) In this section, “institution of higher education” and “university system” have the meanings assigned by § 61.003, Education Code.
(b) Except as provided by this section, this subchapter does not apply to a university system or institution of higher education.

Terms Used In Texas Government Code 403.2715

  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Personal property: All property that is not real property.

(c) A university system or institution of higher education shall account for all personal property as defined by the comptroller under § 403.272. At all times, the property records of a university system or institution of higher education must accurately reflect the personal property possessed by the system or institution.
(d) The chief executive officer of each university system or institution of higher education shall designate one or more property managers. The property manager shall maintain the records required and be the custodian of all personal property possessed by the system or institution.
(e) Sections 403.273(h), 403.275, and 403.278 apply to a university system or institution of higher education.

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