Sec. 105.104. DONATIONS, GIFTS, GRANTS, AND ENDOWMENT. (a) From any source, including the federal government, a municipality, a foundation, a trust fund, a corporation, another education agency, or any other person, the board may accept donations, gifts, grants, and endowments of money or property, real or personal, for the system to be held in trust and administered by the board for the purposes and under the direction, limitations, and provisions declared in writing in the donation, gift, grant, or endowment.
(b) The donation, gift, grant, or endowment must be consistent with the laws of this state and with the objectives and proper management of the system.
Amended by Acts 2001, 77th Leg., ch. 25, Sec. 1, eff. May 2, 2001.
Structure Texas Statutes
Subtitle F - Other Colleges and Universities
Chapter 105 - University of North Texas System
Subchapter C. Powers and Duties of Board
Section 105.101. General Powers and Duties
Section 105.102. Chief Executive Officers
Section 105.103. Eminent Domain: Restriction
Section 105.104. Donations, Gifts, Grants, and Endowment
Section 105.105. Funds Received for Trust Services
Section 105.106. Disbursement of Funds
Section 105.107. System Property