| (a) Agreement. The donor and the department must execute
a donation agreement if the donation involves real estate, has an
estimated value of more than $1,500, or it is necessary to:
(1) warrant or indemnify the department as to ownership;
(2) prevent possible claims that could result from
the use of the property; or
(3) document conditions of the gift.
(b) Content. The agreement shall include:
(1) a description of the donation, including a determination
of its value;
(2) a statement by the donor attesting to its ownership
rights in the property;
(3) any conditions restricting the use of the donation;
(4) the mailing address of the donor and principal
place of business if the donor is a business entity;
(5) a statement identifying the official relationship
between the donor and the department;
(6) a statement advising the donor that the department
neither approves nor is responsible for any representations by the
donor for tax purposes; and
(7) the signature of the donor if the donor is an individual
or its official representative if the donor is an entity other than
an individual;
(8) relocation benefits, if any; and
(9) the signature of the executive director.
(c) Public information. A donation agreement entered
into in accordance with this subsection is public information.
|
| Source Note: The provisions of this §1.504 adopted to be effective April 1, 1997, 22 TexReg 2625; amended to be effective September 23, 1997, 22 TexReg 9259; amended to be effective November 21, 2002, 27 TexReg 10753 |
