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Tex. Special District Local Laws Code § 1001.110

GIFTS AND ENDOWMENTS

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 1001.110, GIFTS AND ENDOWMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584574
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(a) The board may accept for the district a gift or endowment to be held in trust or otherwise and administered by the board for any purpose and under any direction, limitation, or provision prescribed in writing by the donor that is not inconsistent with the proper management and objectives of the district. (b) The board may establish a foundation or nonprofit corporation for the purposes of this section.