Education Code › Title 3 › Chapter 105 › Subchapter C

Texas Education Code § 105.105

Funds Received for Trust Services

University of North Texas System · Powers and Duties of Board

(a) The board may deposit in an appropriate system account outside the state treasury all funds received as administrative fees or charges for services rendered in the management or administration of a trust estate under the control of the system.

(b) The funds under Subsection (a) may be spent by the board for any educational purpose of the system.

Official text of the Texas Education Code as published by the Texas Legislative Council.

Official source
Legislative history

Amended by Acts 2001, 77th Leg., ch. 25, Sec. 1, eff. May 2, 2001.