Texas Local Government Code 333.007 – Contracts, Grants, and Expenditures
Current as of: 2024 | Check for updates
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(a) The board may enter into any contract connected with or incident to the establishment, equipping, maintaining, and operating of the museum.
(b) The board may borrow and receive, exchange, sell, and lend property for the benefit of the museum.
Terms Used In Texas Local Government Code 333.007
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
- Property: means real and personal property. See Texas Government Code 311.005
(c) The board may accept on behalf of the municipality and county a gift or bequest. A gift or loan of property must be administered as designated by the donor.
(d) The board may pay and disburse funds set aside by the municipality and county for purposes connected with operating and maintaining the museum as if the action were taken by the governing bodies.