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Texas Senate Examines UTIMCO

By Harrison Powers, KUT News

Dallas, TX – Heated debate over a million dollar bonus lead to a resignation in Austin today. The bonus was authorized by the chairman of the board of UTIMCO- the University of Texas Investment Management Company. The money was paid to UTIMCO's Chairman of the Board. UTIMCO oversees UT-system endowments. Harrison Powers reports from the Capitol on the ruckus that caused the unexpected resignation.