This isn’t the state of Texas as I understand it but rather
the gold belongs to the University of Texas. Don’t know if
that understanding is correct.
Not the university per se but the University of Texas Investment Management Corporation which manages the UT endowment. Another reason why the gold can't be at the New York Fed since by law they don't work with private companies, foreign or domestic.
No, the article is a little confusing. It IS the State of Texas. UT gold purchase/deposit is a separate item.
Here’s more...
Texas. Governor Abbott issued the following statement:
“Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state.”