SECTION 1.81. Definitions

The following words and terms, when used in these sections, shall have the following meanings, unless the context clearly indicates otherwise.

(1) Board--The Texas Higher Education Coordinating Board.

(2) Commissioner--The Commissioner of the Texas Higher Education Coordinating Board.

(3) Donation--A contribution of anything of value (including a gift or in-kind gift such as goods or services) given to the Board for public higher education purposes or to the Texas Higher Education Foundation for the benefit of the Board. The Board may not accept donations of real property (real estate) without the express permission and authorization of the legislature.

(4) Employee--A regular, acting, exempt, full-time or part-time employee of the agency.

(5) Gift--A donation of money or property.

(6) Private donor--People or private organizations that make a donation to the Board for higher education purposes, or that make a donation to the Higher Education Foundation to assist in accomplishing the duties of the Board.

(7) The Texas Higher Education Foundation--A 501(c)(3) organized for the purpose of supporting the mission, objectives, and public purpose of the Texas Higher Education Coordinating Board by providing resources obtained primarily from private, non-governmental sources, or its successor organization designated as the official non-profit partner of the Board.

Source Note: The provisions of this §1.81 adopted to be effective May 18, 2023, 48 TexReg 2489