Texas Business and Commerce Code 607.003 – Funding
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Terms Used In Texas Business and Commerce Code 607.003
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
The department may solicit and accept gifts, grants, and other donations for purposes of administering this chapter, except that the department may not solicit or accept a gift, grant, or other donation from a license holder as defined by § 2310.151, Occupations Code.