229.111  State board authorized to accept gifts.--

(1)  The Commissioner of Education may accept or decline, on behalf of the state system of public education or of any school fund established or recognized by law, any gift or bequest of money, royalty, or other personal or real property given or bequeathed to the state system of public education, or to any school fund established or recognized by law. Conditions may not be attached to any such gift or bequest of money, royalty, or other personal or real property given or bequeathed for the purposes designated herein which are contrary to the provisions of law or regulations of the state board relating to the use or expenditure of the fund.

(2)  The State Treasurer shall be treasurer and custodian of all such gifts and bequests of money, royalty, and other personal property given or bequeathed for the purposes designated herein. He or she shall receive and provide for the proper custody and disbursement of any such funds, in accordance with the provisions of law and regulations of the state board.

History.--ss. 1, 2, ch. 20879, 1941; s. 13, ch. 65-239; s. 1213, ch. 95-147; s. 86, ch. 97-190.