Tex. Special District Local Laws Code § 1001.110
This is the official text of Tex. Special District Local Laws Code § 1001.110, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
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§ 1001.110. GIFTS AND ENDOWMENTS.
Official statutory text
(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.
(b) The board may establish a foundation or nonprofit corporation for the purposes of this section.
Status: in_force · Read it on the official government site
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