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Actually, in 1984, the monies from the land grant from which the oil revenues are derived have been divided equally between all the TX system schools.

The University of Austin is just one of many campuses controlled by the Texas University System ( along with UTD, UTEP, UTSA etc.). UTAustin does not even have a board of regents. The UTSytem is officed in Austin, but is not part of UTA. The UTSystem with their board of regents control the UT Campuses. The board of regents will rule on campus carry areas.

Then why does UTEP say any polices they want to enforce needs to be sent to Austin for the Regents for approval before they can be enforced? The UTSystem offices are located in Austin. The UTBoard of Regents meet in Austin. The UT system oversees about 15 campuses....UTA, UTSA, UTEP, UTD ,UTGalvaston etc. the regents control the final say over the system. UTD is not independent of the "UT System".