Texas Education Code
§ 105.105 — FUNDS RECEIVED FOR TRUST SERVICES
ED § 105.105Title 3. HIGHER EDUCATION · Part F. OTHER COLLEGES AND UNIVERSITIES · Ch. 105. UNIVERSITY OF NORTH TEXAS SYSTEM · Art. C. POWERS AND DUTIES OF BOARD
Statute text
View on source(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.
Legislative history
Amended by Acts 2001, 77th Leg., ch. 25, Sec. 1, eff. May 2, 2001.