1002.108 – GIFTS AND ENDOWMENTS. (a) The board may accept
Texas Special District Local Laws Code § 1002.108
Summary
This law allows the board of a special district to accept gifts or endowments, which must be managed according to the donor's written instructions. It ensures that such gifts align with the district's management and objectives, providing flexibility for the board in handling these contributions.
Board can accept gifts and endowments for district purposes.
Gifts must follow donor's written instructions.
Does not limit the board's authority.
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In simple terms: Learn about Texas's GIFTS AND ENDOWMENTS. (a) The board may accept 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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