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Texas Special District Local Laws Code - Section 1003.108. Gifts And Endowments

Legal Research Home > Texas Lawyer > Special District Local Laws Code > Texas Special District Local Laws Code - Section 1003.108. Gifts And Endowments

§ 1003.108. GIFTS AND ENDOWMENTS.  The board may accept 
for the district a gift or endowment to be held in trust and 
administered by the board for the purposes and under the 
directions, limitations, or other provisions prescribed in writing 
by the donor that are not inconsistent with the proper management 
and objectives of the district.

Acts 2003, 78th Leg., ch. 1277, § 1, eff. April 1, 2005.                   

Last modified: August 10, 2007