Sec. 65.37. FUNDS RECEIVED FOR TRUST SERVICES. The board may deposit in an appropriate university account all funds received as administrative fees or charges for services rendered in the management and administration of any trust estate under the control of the university system or any institution of the system. The funds so received as administrative fees or charges may be expended by the board for any educational purpose of the university system.
Acts 1971, 62nd Leg., p. 3147, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Structure Texas Statutes
Subtitle C - The University of Texas System
Chapter 65 - Administration of the University of Texas System
Subchapter C. Powers and Duties of Board
Section 65.31. General Powers and Duties
Section 65.32. Removal of Officers, Etc
Section 65.36. Donations for Professorships and Scholarships
Section 65.37. Funds Received for Trust Services
Section 65.39. Management of Lands Other Than Permanent University Fund Lands
Section 65.41. Medical School Admission Policies
Section 65.42. Delinquent Accounts; Venue
Section 65.43. Sale of Obsolete Medical Equipment
Section 65.45. Science and Technology Development, Management, and Transfer
Section 65.46. Powers Related to Issuance of Bonds and Notes