Tex. Educ. Code § 106.53
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Separate accounts shall be kept on the books of the university, showing the sources of all sums collected and the purposes for which expended. All trust funds handled by the board shall be deposited in separate accounts and shall not be commingled with the general income from student fees or other local institutional income, and all trust funds shall be secured by separate bonds or securities.
Tex. Educ. Code § 106.53