| (a) The Board may provide to the Texas Higher Education
Foundation:
(1) fundraising and solicitation assistance;
(2) staff services to coordinate activities;
(3) administrative and clerical services;
(4) office and meeting space;
(5) training;
(6) any service or agreement authorized by the legislature;
and
(7) other miscellaneous services as needed to further
the duties and purposes of the Board.
(b) In addition to gifts and donations authorized by
law, the Texas Higher Education Foundation may provide:
(1) postage;
(2) printing, including letterhead and newsletters;
(3) special event insurance;
(4) recognition of donors;
(5) bond and liability insurance for organization officers;
and
(6) other miscellaneous services as needed to further
the duties and purposes of the Board.
(c) The Texas Higher Education Foundation and the Board
shall enter into a memorandum of understanding (MOU) which contains
specific provisions regarding:
(1) the relationship between the Board and the Texas
Higher Education Foundation and a mechanism for solving any conflicts
or disputes;
(2) fundraising and solicitation;
(3) the use of all donations from fundraising or solicitation,
less legitimate expenses as described in the MOU, for the benefit
of the Board;
(4) the maintenance by the Foundation of receipts and
documentation of all funds and other donations received, including
furnishing such records to the Board;
(5) the furnishing to the Board of any audit of the
Texas Higher Education Foundation by the Internal Revenue Service
or a private firm; and
(6) the reasonable use of Board employees, equipment,
or property in order to further or support the purposes or programs
of the Board, provided such usage is commensurate with the benefit
received or to be received by the Board.
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