(a) The board may establish, maintain, and participate in the operation of one or more organizations of persons whose purpose is to raise funds for or provide services or other benefits to the board. The organization may be incorporated as a Texas nonprofit corporation.
(b) The board shall contract with a nonprofit corporation formed to assist in the preservation, maintenance, and improvement of the Capitol and the Capitol grounds to develop and implement a plan for the solicitation and acceptance of gifts, grants, devises, and bequests of money, other property, and services to be used to preserve, maintain, and improve the Capitol and the Capitol grounds. The board may contract with a nonprofit corporation described by Subsection (a) or another nonprofit corporation.

Terms Used In Texas Government Code 443.030

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Property: means real and personal property. See Texas Government Code 311.005
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