Texas Education Code 105.105 – Funds Received for Trust Services
Current as of: 2024 | Check for updates
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(a) The board may deposit in an appropriate system account outside the state treasury all funds received as administrative fees or charges for services rendered in the management or administration of a trust estate under the control of the system.
(b) The funds under Subsection (a) may be spent by the board for any educational purpose of the system.