Texas Transportation Code 723.031 – Gifts, Grants, and Donations
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Terms Used In Texas Transportation Code 723.031
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: means real and personal property. See Texas Government Code 311.005
To implement this chapter, the state may accept and spend a gift, grant, or donation of money or other property from a private source.
