Sec. 1002.108. GIFTS AND ENDOWMENTS. (a) 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.
(b) This section is not a limitation on the authority of the board.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Section: Previous 1002.101 1002.102 1002.103 1002.104 1002.105 1002.106 1002.107 1002.108 1002.109 1002.110 1002.151 1002.152 1002.153 1002.154 1002.155 NextLast modified: September 28, 2016