Texas Special District Local Laws Code § 1107.109 Gifts And Endowments

Sec. 1107.109. 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 provisions prescribed in writing by the donor that are not inconsistent with the proper management and objectives of the district.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Section: Previous  1107.102  1107.103  1107.104  1107.105  1107.106  1107.107  1107.108  1107.109  1107.110  1107.111  1107.112  1107.151  1107.152  1107.153  1107.154  Next

Last modified: September 28, 2016