Texas Government Code 141.004 – Gifts, Grants, and Donations
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Terms Used In Texas Government Code 141.004
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
A county may accept a gift, grant, donation, or bequest of money, services, equipment, goods, or other tangible or intangible property from any source for the sexual assault victim services court program.