Texas Statutes
§ 51.948 — RESTRICTIONS ON CONTRACTS WITH ADMINISTRATORS.
Texas § 51.948
JurisdictionTexas
Code EDEducation Code
This text of Texas § 51.948 (RESTRICTIONS ON CONTRACTS WITH ADMINISTRATORS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Education Code Code Ann. § 51.948 (2026).
Text
Sec. 51.948. RESTRICTIONS ON CONTRACTS WITH ADMINISTRATORS.
(a)The governing board of an institution of higher education may enter into an employment contract with an administrator that is to be paid in whole or in part from appropriated funds only if, before the date the contract is executed, the governing board determines that the contract is in the best interest of the institution.
(b)A contract entered into by a governing board under this section may not:
(1)provide for employment for more than three years;
(2)allow for severance or other payments on the termination of the contract to exceed an amount equal to the discounted net present cash value of the contract on termination at a market interest rate agreed upon in the contract;
(3)allow for development leave that is inconsiste
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Legislative History
Added by Acts 1999, 76th Leg., ch. 533, Sec. 1, eff. Sept. 1, 1999. Renumbered from Sec. 91.946 by Acts 2001, 77th Leg., ch. 1420, Sec. 21.001(19), eff. Sept. 1, 2001.
Nearby Sections
15
§ 51.002
FUNDS SUBJECT TO CONTROL.§ 51.003
DEPOSITORIES.§ 51.0031
DEPOSITS AND INVESTMENTS.§ 51.0032
INVESTMENT REPORTS AND POLICIES.§ 51.005
REPORTS.§ 51.0051
ANNUAL OPERATING BUDGETS.§ 51.007
PENALTY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 51.948, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/51.948.