(a) The board may cooperate with support organizations. Support organizations are private organizations that are designed to further the purposes and duties of the board. Any organization wishing to establish a relationship with the board as a support organization must submit copies of its charter and bylaws or other organizational documents to the executive administrator for review.
(b) The board will maintain a list of support organizations with which it cooperates.
(c) If funds are received by the board from a support organization, the organization and the board shall maintain current, accurate and complete records and accounts in accordance with generally accepted accounting principles. All funds received by the support organization to further the purposes and duties of the board shall be properly invested and administered for the benefit of the board in a manner that furthers such purposes. The board may require periodic financial reports, an annual audit prepared by a certified public accountant, and a final accounting of all funds received by the support organization.

Source Note: The provisions of this §353.89 adopted to be effective July 7, 1994, 19 TexReg 4962; amended to be effective January 1, 2003, 27 TexReg 12365