Tex. Educ. Code Section 130.007
Endowment Fund

(a)

The board of trustees of a public junior college may establish an endowment fund outside the state treasury in a depository selected by the board of trustees.

(b)

The board of trustees may deposit local funds collected by the board to the credit of the endowment fund.

(c)

The board of trustees may accept gifts and grants from any public or private source for the endowment fund.

(d)

The endowment fund consists of local funds deposited to the credit of the endowment fund, gifts, grants, and income from investing the endowment fund.

(e)

The board of trustees may invest the endowment fund in securities, bonds, and other investments that the board considers prudent. In making investments under this section, the board shall exercise the judgment and care under the circumstances then prevailing that a person of ordinary prudence, discretion, and intelligence exercises in the management of the person’s own affairs.

(f)

The board may not spend any money deposited in the endowment fund as local funds, gifts, or grants but may spend any income from investing the endowment fund for the operation or maintenance of the junior college.
Added by Acts 1993, 73rd Leg., ch. 391, Sec. 1, eff. June 2, 1993.

Source: Section 130.007 — Endowment Fund, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­130.­htm#130.­007 (accessed Jun. 5, 2024).

130.001
Supervision by Coordinating Board, Texas College and University System 130.002
Extent of State and Local Control 130.003
State Appropriation for Public Junior Colleges 130.004
Authorized Types of Public Junior Colleges 130.005
Change of Name to Community College District 130.006
Course Held Outside District 130.007
Endowment Fund 130.008
Courses for Joint High School and Junior College Credit 130.009
Uniform Dates for Adding or Dropping Course 130.010
Purchasing Contracts 130.0011
Public Junior Colleges 130.011
Establishment of Independent School District or City Junior College 130.012
Petition to Establish 130.013
Order to Establish 130.014
Election 130.015
Control of Independent School District or City Junior College 130.016
Separate Board of Trustees in Certain Instances 130.017
Petition and Election to Divest School Board of Authority 130.018
Separate Board of Trustees--terms, Etc 130.019
Separate Board of Trustees 130.0021
Conveyance of Certain Real Property 130.0031
Transfers: When Made 130.031
Establishment of Union, County, or Joint-county Junior College 130.032
Restrictions 130.0032
Tuition for Students Residing Outside of District 130.0033
Pilot Project: Reduced Tuition for Certain Courses 130.033
Petition to Establish 130.0034
Tuition for Repeated Courses 130.034
Tax Levy 130.0035
Performance Reports 130.035
Legality of Petition 130.0036
Report on Student Enrollment Status 130.036
Order to Establish 130.037
Calling Election 130.038
Election 130.039
Election Returns, Canvass, and Result 130.040
Board of Trustees: Union, County, or Joint-county Junior College 130.041
Election of Trustees of Union, County, and Joint-county Junior College 130.042
Original Board 130.043
Organization 130.044
Election of Trustees by the Position Method 130.0051
Other Change of Name by Junior College District 130.061
Extension of Boundaries of a Junior College District Coextensive with an Independent School District 130.062
Enlarged District: Creation 130.063
Extension of Junior College District Boundaries 130.064
Annexation by Contract 130.065
Annexation by Election 130.066
Automatic Annexation of Certain Territory 130.067
Annexation of County-line School District for Junior College Purposes 130.068
Extending Boundaries of Junior College District in District’s Service Area 130.069
Disannexation of Overlapped Territory 130.070
Disannexation of Territory Comprising an Independent School District 130.0081
Agreement with Junior College District 130.081
Governing Board of Junior College of Independent School District 130.082
Governing Board of Junior College of Other than Independent School District 130.083
Governing Board in Enlarged Junior College District 130.084
Powers and Duties 130.085
Tuition Exemption 130.088
Board of Trustees of Certain Junior College Districts 130.089
Prohibited Employment of or Contracting with Former Trustee 130.090
Remedial Programs for Secondary School Students 130.091
Definition 130.092
East Williamson County Multi-institution Teaching Center 130.093
Regional Center for Public Safety Excellence 130.0101
Acquisition of Library Materials 130.0102
Mexican American Studies Program or Course Work 130.0103
Dual Usage Educational Complex 130.0104
Multidisciplinary Studies Associate Degree Program 130.0105
Commercial Driver’s License Training Program 130.0106
Occupational and Life Skills Associate Degree Program 130.121
Tax Assessment and Collection 130.122
Tax Bonds and Maintenance Tax 130.123
Revenue Bonds 130.124
Use of Student Fees in Construction 130.125
Revenue Obligations 130.126
Long-term Notes 130.127
Refunding Notes 130.128
Sale of Notes 130.129
Interest Rate 130.130
Notes Are Not Tax Bonds 130.131
Dissolution and Transfer of Property Upon Creation of Senior College 130.132
Abolition of Junior College Districts 130.133
Transfer of Properties of County Junior College Districts After Creation of Senior College 130.151
Purpose 130.161
Definitions 130.162
Alamo Community College District Service Area 130.163
Alvin Community College District Service Area 130.164
Amarillo College District Service Area 130.165
Angelina County Junior College District Service Area 130.166
Austin Community College District Service Area 130.167
Bee County College District Service Area 130.168
Blinn Junior College District Service Area 130.169
Borger Junior College District Service Area 130.170
Brazosport College District Service Area 130.171
Central Texas College District Service Area 130.172
Cisco Junior College District Service Area 130.173
Clarendon College District Service Area 130.174
College of the Mainland District Service Area 130.175
Collin County Community College District Service Area 130.176
Dallas County Community College District Service Area 130.177
Del Mar College-corpus Christi Junior College District Service Area 130.178
El Paso County Community College District Service Area 130.179
Galveston College District Service Area 130.180
Grayson County Junior College District Service Area 130.181
Hill College District Service Area 130.182
Houston Community College System District Service Area 130.183
Howard County Junior College District Service Area 130.184
Kilgore Junior College District Service Area 130.185
Laredo Community College District Service Area 130.186
Lee College District Service Area 130.187
Mclennan Community College District Service Area 130.188
Midland Community College District Service Area 130.189
Navarro College District Service Area 130.190
North Central Texas College District Service Area 130.191
Lone Star College System District Service Area 130.192
Northeast Texas Community College District Service Area 130.193
Odessa College District Service Area 130.194
Panola College District Service Area 130.195
Paris Junior College District Service Area 130.196
Ranger Junior College District Service Area 130.197
San Jacinto College District Service Area 130.198
South Plains College District Service Area 130.199
South Texas Community College District Service Area 130.200
Southwest Texas Junior College District Service Area 130.201
Tarrant County Junior College District Service Area 130.202
Temple Junior College District Service Area 130.203
Texarkana College District Service Area 130.204
Texas Southmost College District Service Area 130.205
Trinity Valley Community College District Service Area 130.206
Tyler Junior College District Service Area 130.207
Vernon Regional Junior College District Service Area 130.208
The Victoria College District Service Area 130.209
Weatherford College District Service Area 130.210
Western Texas College District Service Area 130.211
Wharton County Junior College District Service Area 130.251
Branch Campuses 130.252
Security for Revenue Bonds Issued for Branch Campus, Center, or Extension Facility 130.253
Branch Campus Maintenance Tax 130.254
South Texas Community College District 130.301
Definitions 130.302
Baccalaureate Degree Programs 130.303
Authorization for Certain Baccalaureate Degree Programs 130.304
Baccalaureate in Dental Hygiene 130.305
Accreditation 130.306
Limitation 130.307
Requirements 130.308
Special Requirements for Nursing Degree Program 130.309
Articulation Agreement Required 130.310
Funding 130.00311
Methods of Inclusion or Participation in Junior College District 130.311
Report 130.0312
Validation of Certain Acts and Proceedings 130.312
Rules 130.351
Definitions 130.352
Formula Funding for Workforce Continuing Education Courses 130.353
Workforce Continuing Education for High School Students 130.354
Waiver of Tuition and Fees for Workforce Continuing Education Courses 130.355
Rules 130.451
Definitions 130.452
Purpose 130.453
Administration 130.454
Approval of Alternative High School Diploma Program 130.455
Award of High School Diploma 130.456
Funding 130.457
Report 130.458
Rules 130.0821
Governing Board of Certain Countywide Community College Districts 130.0822
Election from Single-member Trustee Districts 130.0823
Election by Position in Certain Districts 130.0824
Governing Board of Texarkana College District 130.0825
Write-in Voting in Election for Members of Governing Body 130.0826
Option to Continue in Office Following Redistricting 130.0828
Additional Trustees for Weatherford Junior College District 130.0829
Governing Board of Paris Junior College District 130.0845
Removal of Trustee for Nonattendance of Board Meetings 130.0851
Tuition Exemption for District Employees 130.1221
Credit Agreements in Certain Junior College Districts 130.08285
Governing Board of Trinity Valley Community College District
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 130.007’s source at texas​.gov