Texas Education Code 61.068 – Gifts, Grants, Donations
Current as of: 2024 | Check for updates
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Terms Used In Texas Education Code 61.068
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Donor: The person who makes a gift.
- Personal property: All property that is not real property.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
The board may accept gifts, grants, or donations of personal property from any individual, group, association, or corporation, or the United States, subject to such limitations or conditions as may be provided by law. Gifts, grants, or donations of money shall be deposited in the state treasury and expended in accordance with the specific purpose for which given, under such conditions as may be imposed by the donor and as provided by law.