Texas Education Code

§ 65.37 — FUNDS RECEIVED FOR TRUST SERVICES

ED § 65.37Title 3. HIGHER EDUCATION · Part C. THE UNIVERSITY OF TEXAS SYSTEM · Ch. 65. ADMINISTRATION OF THE UNIVERSITY OF TEXAS SYSTEM · Art. C. POWERS AND DUTIES OF BOARD

Statute text

View on source

The board may deposit in an appropriate university account all funds received as administrative fees or charges for services rendered in the management and administration of any trust estate under the control of the university system or any institution of the system. The funds so received as administrative fees or charges may be expended by the board for any educational purpose of the university system.

Legislative history

Acts 1971, 62nd Leg., p. 3147, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.