Texas Statutes
Subchapter E. Public Library Endowment and Operating Funds
Section 441.074. Donations, Appropriations, and Sales

Sec. 441.074. DONATIONS, APPROPRIATIONS, AND SALES. (a) The commission may solicit and accept on behalf of the state donations of money, securities, and other property as it determines best further the orderly development of public library resources of the state. Money paid to the commission under this subsection shall be deposited in the Texas public library endowment fund.
(b) The commission by rule shall establish an acquisition policy for accepting donations of money, securities, and other property.
(c) The legislature may make appropriations to the commission to carry out the purposes of this chapter.
(d) The commission may purchase and resell items it determines appropriate for the promotion of public libraries in Texas. The value of commission inventory, as determined by generally accepted accounting principles, may not exceed $50,000 at the end of any fiscal year. The net profits from those sales shall be deposited in the Texas public library fund.
Added by Acts 1999, 76th Leg., ch. 152, Sec. 1, eff. Sept. 1, 1999.

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