SECTION 55.112. Donations and Disbursements

(a) The director shall develop procedures for the acceptance, conversion, and deposit of all donations offered by individuals, clubs, or other organizations.

(b) Conversion of donations of real or personal property into United States currency shall be accomplished by the director.

(c) Donations received shall be deposited by the director in interest-bearing accounts (operation game thief fund) insured by the Federal Deposit Insurance Corporation or invested in United States Treasury bills and bonds or certificates of deposit at the best available yields.

(d) The chairman shall be notified in writing of any disbursement in excess of $500. A disbursement under this subsection may include but is not limited to promotional costs to enhance the fund. All donations may be used for these purposes unless otherwise specifically prohibited by the donor. All disbursements from accounts will be by check signed by the director. The committee will be furnished an annual report detailing all expenditures from the fund.

Source Note: The provisions of this §55.112 adopted to be effective May 4, 1982, 7 TexReg 1598; amended to be effective December 10, 1992, 17 TexReg 8297; amended to be effective December 19, 1994, 19 TexReg 9627; amended to be effective August 4, 2010, 35 TexReg 6671