Texas Education Code
§ 85.31 — FUNDS RECEIVED FOR TRUST SERVICES
ED § 85.31Title 3. HIGHER EDUCATION · Part D. THE TEXAS A & M UNIVERSITY SYSTEM · Ch. 85. ADMINISTRATION OF THE TEXAS A & M UNIVERSITY SYSTEM · Art. C. POWERS AND DUTIES OF BOARD
Statute text
View on source(a)The board may at its discretion charge administrative fees for services rendered in the management and administration of any trust estate under the control of the system or any component of the system.
(b)Funds received pursuant to such charges may be deposited in an appropriate system or university account and may be expended by the board for any purpose of the system.
Legislative history
Added by Acts 1983, 68th Leg., p. 2053, ch. 377, Sec. 2, eff. June 17, 1983.