Tex. Educ. Code § 105.105 · Subchapter C. POWERS AND DUTIES OF BOARD
FUNDS RECEIVED FOR TRUST SERVICES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Amended by Acts 2001, 77th Leg., ch. 25, Sec. 1, eff. May 2, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.105.htm
- Text hash
- sha256 134881dc792eeaa36ef123e08a74ba6a4332a192ade8d670ad8ce9ddaa4c4735
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.