1008.113 – GIFTS AND ENDOWMENTS. The board may accept for
Texas Special District Local Laws Code § 1008.113
Summary
This law allows the board of a special district to accept gifts or endowments, provided they are held in trust according to the donor's written instructions. It ensures that such contributions align with the district's management and objectives.
Board can accept gifts or endowments for the district.
Gifts must be held in trust per donor's instructions.
Contributions must align with district's management goals.
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In simple terms: Learn about Texas's GIFTS AND ENDOWMENTS. The board may accept for 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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