The Anthony F. Amos Endowment for support of the Animal Rehabilitation Keep (ARK) is established to provide funds for operations, maintenance, salaries and fringe benefits, and other funding needs associated with the care of injured birds, turtles, and mammals at the ARK. Decisions on use of the funds distributed from this endowment shall be made by the director of the ARK in consultation with the director of the Marine Science Institute, in accordance with standard budgetary procedures.
It is understood that gifts dedicated to The Anthony F. Amos Endowment shall never become a part of the Permanent University Fund, the Available University Fund or the General Fund of the State of Texas, and shall never be subject to appropriation by the legislature of the State of Texas. Endowment funds may be merged or commingled with other funds held by the Board of Regents of The University of Texas System for investment purposes. Funds distributed from the endowment in a year may be retained and expended for the purposes of the endowment in subsequent years, and a portion may be designated, at the discretion of the Board or The University of Texas at Austin administration, as a permanent addition to the principal of the endowment. All future additions to the endowment, made by any party, shall be subject to the provisions of this document.
If in the opinion of the Board of Regents of The University of Texas System, future circumstances change so that the purposes for which the endowment is established become illegal, impractical, or no longer able to be carried out to meet the needs of The University of Texas at Austin, said Board may designate an alternative use for the endowment payout to further the objective of The University, in the spirit of the original purpose.