The board may receive any funds or property that may be subscribed, loaned, or bequeathed for the organization or maintenance of the university and shall execute all necessary agreements for the faithful application of the funds or property.
Tex. Educ. Code § 87.204
FUNDS, PROPERTIES, AGREEMENTS
Acts 1971, 62nd Leg., p. 3207, ch. 1024, art. 1, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.