Texas Occupations Code 1053.053 – Gifts and Grants
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(a) The board may accept a gift or grant from any source to pay for any activity under this chapter.
(b) A gift or grant must be accepted in an open meeting by a majority of the board and reported in the minutes with the name of the donor and purpose of the gift or grant.
Terms Used In Texas Occupations Code 1053.053
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.