Terms Used In Texas Government Code 575.004

  • Donor: The person who makes a gift.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.

A state agency that accepts a gift must record the name of the donor, a description of the gift, and a statement of the purpose of the gift in:
(1) the minutes of the governing board of the agency; or
(2) appropriate agency records, if the agency does not have a governing board.