Tex. Educ. Code § 45.107
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A gift, devise, or bequest made to a school district to provide college scholarships for graduates of the district may be invested by the board of trustees of the district as provided by Section 117.004, Property Code, unless otherwise specifically provided by the terms of the gift, devise, or bequest.
Tex. Educ. Code § 45.107