Texas Government Code 442.056 – National Museum of the Pacific War Museum Fund
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(a) In this section:
(1) “Commission” means the Texas Historical Commission.
(2) “Fund” means the National Museum of the Pacific War museum fund.
(b) The National Museum of the Pacific War museum fund is created as a fund outside the state treasury. The commission shall administer the fund but may contract with the Admiral Nimitz Foundation for administration of the fund. The fund consists of:
(1) admissions revenue from operation of the museum; and
(2) donations made to the commission for the museum.
Terms Used In Texas Government Code 442.056
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
(c) Money in the fund may be spent without appropriation and only to administer, operate, preserve, repair, expand, or otherwise maintain the museum.
(d) Interest and income from the assets of the fund shall be credited to and deposited in the fund.