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If bids are taken orally, the bids shall be tabulated by the person taking the bids and made a part of the permanent records of the institution.(b) The funds shall either be deposited in the depository bank or banks or invested as authorized by Chapter 2256, Government Code (Public Funds Investment Act).
Depositories shall be selected on the basis of competitive bids.
The provisions of this subchapter apply to each institution of higher education, as that term is defined by Section 61.003 of this code, including each public junior college to the extent possible.
(a) The governing board of each institution listed in Section 51.001 of this code may retain control of the following sums of money collected at the institution, subject to Section 51.008 of this code:(1) student fees of all kinds;(2) charges for use of rooms and dormitories;(3) receipts from meals, cafes, and cafeterias;(4) fees on deposit refundable to students under certain conditions;(5) receipts from school athletic activities;(6) income from student publications and other student activities;(7) receipts from the sale of publication products and miscellaneous supplies and equipment;(8) students' voluntary deposits of money for safekeeping;(9) all other fees and local or institutional funds arising out of and by virtue of the educational activities, research, or demonstrations carried on by the institution; and(10) donations and gifts to the institution.(b) The provisions of this subchapter do not apply to any income derived from the permanent university fund.
Join us at a game and help celebrate our Bobcat Pride. Each institution of higher education shall prepare a complete annual financial report as prescribed by Section 2101.011, Government Code. The governing board of the institution shall retain five copies of the budget for distribution to legislators or other state officials on request. A Walk In the Park: 1200 Acres - includes miles of hike and bike trails, children's park, skatepark, dog park, and beautiful public access river frontage.Changes in Attitude, Changes in Latitude: San Marcos is in the perfect location with a latitude reading of 29 degrees and 53 minutes North and longitude of 97 degrees and 56 minutes West!