(a) In addition to funds appropriated by the legislature, the board may accept gifts, grants, and donations of real or personal property from any individual, group, association, or corporation or the United States, subject to limitations or conditions set by law, for the purposes of this subchapter.
(b) The board may structure the scholarship program and the loan repayment program established under this subchapter to secure funds available under federal matching programs.

Terms Used In Texas Education Code 61.658

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Personal property: All property that is not real property.
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
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