Sec. 2204.003. GIFTS OF REAL PROPERTY TO INSTITUTIONS OF HIGHER EDUCATION. An institution of higher education, as defined by Section 61.003, Education Code, may accept a gift or devise of real property from a private entity to establish scholarships or professorships or to be held in trust for other educational purposes only if done consistently with rules and regulations adopted by the Texas Higher Education Coordinating Board pursuant to its power to adopt such rules and regulations under Chapter 61, Education Code.
Added by Acts 1999, 76th Leg., ch. 1499, Sec. 1.34, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle E - Government Property
Chapter 2204 - Acquisition of Land for State and Federal Purposes
Subchapter A. Acquisition of Land by State
Section 2204.001. Acquisition of Land by State
Section 2204.002. Restriction on Acquisition of Real Property
Section 2204.003. Gifts of Real Property to Institutions of Higher Education