Tex. Educ. Code § 106.53 · Subchapter D. CONTROL OF UNIVERSITY FUNDS
ACCOUNTS; TRUST FUNDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Separate accounts shall be kept on the books of the university, showing the sources of all sums collected and the purposes for which expended. All trust funds handled by the board shall be deposited in separate accounts and shall not be commingled with the general income from student fees or other local institutional income, and all trust funds shall be secured by separate bonds or securities.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 3251, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.106.htm
- Text hash
- sha256 c792a36860cf16296fedc410c85515841e99324e800fe647bdd261e0a3c990a6
- 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.