Section 1.504 - Donation Agreement(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.43 Tex. Admin. Code § 1.504
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