Tex. Education Code § 45.107
This is the official text of Tex. Education Code § 45.107, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 45.107. INVESTMENT OF GIFTS, DEVISES, AND BEQUESTS.
Official statutory text
A gift, devise, or bequest made to a school district to provide college scholarships for graduates of the district may be invested by the board of trustees of the district as provided by Section 117.004, Property Code, unless otherwise specifically provided by the terms of the gift, devise, or bequest.
Status: in_force · Read it on the official government site
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