Texas Education Code

§ 61.9683 — FUND; GRANTS

ED § 61.9683Title 3. HIGHER EDUCATION · Part B. STATE COORDINATION OF HIGHER EDUCATION · Ch. 61. TEXAS HIGHER EDUCATION COORDINATING BOARD · Art. BB. TEXAS FUND FOR GEOGRAPHY EDUCATION

Statute text

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(a)The board may enter into an agreement with the National Geographic Society of Washington, D.C., to operate an endowment fund for purposes of this subchapter to be known as the Texas Fund for Geography Education.

(b)The agreement must include the following conditions:

(1)appropriated money may be deposited to the fund only in an amount equal to matching funds deposited to the fund by the National Geographic Society from other sources;

(2)the National Geographic Society shall provide to the board an annual report describing the fund's investments, earnings, operating procedures, and major programs; and

(3)if the board determines that the public purposes described by Section 61.9681 are not being accomplished, the fund shall be dissolved and the fund balance shall be distributed as follows:

(A)one-half to the general revenue fund; and

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Legislative history

Added by Acts 2001, 77th Leg., ch. 901, Sec. 1, eff. June 14, 2001. Renumbered from Education Code Sec. 61.943 and amended by Acts 2003, 78th Leg., ch. 1275, Sec. 2(44), 3(13), eff. Sept. 1, 2003.