Sec. 85.31. FUNDS RECEIVED FOR TRUST SERVICES. (a) The board may at its discretion charge administrative fees for services rendered in the management and administration of any trust estate under the control of the system or any component of the system.
(b) Funds received pursuant to such charges may be deposited in an appropriate system or university account and may be expended by the board for any purpose of the system.
Added by Acts 1983, 68th Leg., p. 2053, ch. 377, Sec. 2, eff. June 17, 1983.
Structure Texas Statutes
Subtitle D - The Texas a & M University System
Chapter 85 - Administration of the Texas a & M University System
Subchapter C. Powers and Duties of Board
Section 85.21. General Powers and Duties
Section 85.23. Permanent Improvements; Contracts; Land Transactions
Section 85.25. Lands and Mineral Interests
Section 85.27. Flood Control Easements
Section 85.29. Research and Experimentation for Texas Department of Transportation
Section 85.30. Donations and Trusts