Texas § 2308.266 NONPROFIT STATUS; ABILITY TO SOLICIT FUNDS.

Texas Statutes

§ 2308.266 — NONPROFIT STATUS; ABILITY TO SOLICIT FUNDS.

Texas § 2308.266

Code GVGovernment Code

This text of Texas § 2308.266 (NONPROFIT STATUS; ABILITY TO SOLICIT FUNDS.) 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. Government Code Code Ann. § 2308.266 (2026).

Text

Sec. 2308.266. NONPROFIT STATUS; ABILITY TO SOLICIT FUNDS.

(a)A board may apply for and receive a charter as a private, nonprofit corporation under the laws of this state and may choose to be recognized as a Section 501(c)(3) organization under the Internal Revenue Code of 1986 (26 U.S.C. Section 501(c)(3)).

(b)In addition to receiving funds specified in this chapter, a board may solicit additional funds from other public and private sources.

(c)A board may not solicit or accept money from an entity with which the board contracts for the delivery of services.

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Sec. 2308.266. NONPROFIT STATUS; ABILITY TO SOLICIT FUNDS. (a) A board may apply for and receive a charter as a private, nonprofit corporation under the laws of this state and may choose to be recognized as a Section 501(c)(3) organization under the Internal Revenue Code of 1986 (26 U.S.C. Section 501(c)(3)).
(b) In addition to receiving funds specified in this chapter, a board may solicit additional funds from other public and private sources.
(c) A board may not solicit or accept money from an entity with which the board contracts for the delivery of services.