- (a) All gifts made to the board if less than $500 shall be accepted by the executive administrator.
- (b) The board shall accept all gifts valued at $500 or more by a majority vote of the board in open meeting. For gifts valued at $500 or more, the minutes of the board shall reflect the name of the person or entity making the gift, a description of the gift, and a statement of the purpose of the gift.
- (c) All gifts will be accepted on behalf of the board. No officers or employees of the board can accept gifts in their individual capacities or receive a personal benefit from gifts.
Source Note:The provisions of this §353.85 adopted to be effective July 7, 1994, 19 TexReg 4962; amended to be effective February 11, 1999, 24 TexReg 762.