SECTION 13.182. Agreement with National Geographic Society

(a) The Board shall enter into an agreement with the Society to create and to manage the fund, subject to the following conditions:

(b) The Board shall deposit money into the fund only in an amount equal to the matching funds deposited by the Society;

(c) The Society shall provide to the advisory committee an annual report describing the fund's investments; and

(d) The Board and the Society shall each retain the right to dissolve the agreement if the purposes herein are not being accomplished.

(e) The Board may transfer to the Society any amount appropriated by the Texas Legislature to the Board for that purpose.

(f) The Board or the Society may accept donations from private individuals or corporations who wish to contribute to the fund.

Source Note: The provisions of this §13.182 adopted to be effective November 28, 2001, 26 TexReg 9605