Accountability of Nonprofit Partners; Investment Restrictions

Tex. Parks and Wildlife Code § 11.203, under Chapter 11.

Tex. Parks and Wildlife Code § 11.203

Sec. 11.203. ACCOUNTABILITY OF NONPROFIT PARTNERS; INVESTMENT RESTRICTIONS. (a) The commission by rule shall require a nonprofit partner to comply with specified state standards and safeguards for accounting for state assets held by the nonprofit partner. (b) Chapter 2256, Government Code, applies to a nonprofit partner to the extent that the partner controls state money. Added by Acts 2001, 77th Leg., ch. 968, Sec. 27, eff. Sept. 1, 2001.