105.105 – FUNDS RECEIVED FOR TRUST SERVICES. (a) The
Texas Education Code § 105.105
Summary
This law allows the board to deposit funds received from administrative fees for trust services into a designated account. These funds can be utilized for any educational purpose within the system, providing financial flexibility for educational initiatives.
Board can deposit administrative fees for trust services.
Funds can be used for any educational purposes.
Applies to the management of trust estates under the system.
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In simple terms: Learn about Texas's FUNDS RECEIVED FOR TRUST SERVICES. (a) The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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