Sec. 105.105. FUNDS RECEIVED FOR TRUST SERVICES. (a) The board may deposit in an appropriate system account outside the state treasury all funds received as administrative fees or charges for services rendered in the management or administration of a trust estate under the control of the system.
(b) The funds under Subsection (a) may be spent by the board for any educational purpose 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