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Subchapter A. General Provisions
Section 501.001. Short Title - Sec. 501.001. SHORT TITLE. This subtitle may be cited as...
Section 501.002. Definitions - Sec. 501.002. DEFINITIONS. In this subtitle: (1) "Authorizing unit" means...
Section 501.003. Who May Be User - Sec. 501.003. WHO MAY BE USER. The following may be...
Section 501.004. Legislative Findings; Construction of Subtitle - Sec. 501.004. LEGISLATIVE FINDINGS; CONSTRUCTION OF SUBTITLE. (a) The legislature...
Section 501.005. Adoption of Alternate Procedure - Sec. 501.005. ADOPTION OF ALTERNATE PROCEDURE. If a court holds...
Section 501.006. Use of Corporation to Finance Project - Sec. 501.006. USE OF CORPORATION TO FINANCE PROJECT. A unit...
Section 501.007. Lending Credit or Granting Public Money - Sec. 501.007. LENDING CREDIT OR GRANTING PUBLIC MONEY. (a) Except...
Section 501.008. Limitation on Financial Obligation - Sec. 501.008. LIMITATION ON FINANCIAL OBLIGATION. (a) Except as provided...
Section 501.009. Police Powers Not Affected - Sec. 501.009. POLICE POWERS NOT AFFECTED. This subtitle does not...
Section 501.010. Delegation of Unit's Sovereign Powers Prohibited - Sec. 501.010. DELEGATION OF UNIT'S SOVEREIGN POWERS PROHIBITED. A unit...
Section 501.011. Reference to Articles of Incorporation or Certificate of Formation - Sec. 501.011. REFERENCE TO ARTICLES OF INCORPORATION OR CERTIFICATE OF...
Subchapter B. Creation and Operation of Corporation
Section 501.051. Authority to Create - Sec. 501.051. AUTHORITY TO CREATE. (a) Three or more individuals...
Section 501.052. Nonmember, Nonstock Form of Corporation - Sec. 501.052. NONMEMBER, NONSTOCK FORM OF CORPORATION. A corporation is...
Section 501.053. Corporation Nonprofit; Net Earnings - Sec. 501.053. CORPORATION NONPROFIT; NET EARNINGS. (a) A corporation is...
Section 501.054. General Powers, Privileges, and Functions - Sec. 501.054. GENERAL POWERS, PRIVILEGES, AND FUNCTIONS. (a) A corporation...
Section 501.056. Contents of Certificate of Formation - Sec. 501.056. CONTENTS OF CERTIFICATE OF FORMATION. The certificate of...
Section 501.057. Filing of Certificate of Formation and Delivery of Certificate Evidencing Filing - Sec. 501.057. FILING OF CERTIFICATE OF FORMATION AND DELIVERY OF...
Section 501.058. Effect of Issuance of Certificate Evidencing Filing - Sec. 501.058. EFFECT OF ISSUANCE OF CERTIFICATE EVIDENCING FILING. (a)...
Section 501.059. Corporate Seal - Sec. 501.059. CORPORATE SEAL. A corporation may have a corporate...
Section 501.060. May Sue and Be Sued - Sec. 501.060. MAY SUE AND BE SUED. With respect to...
Section 501.061. Corporation's Organization Not Restricted - Sec. 501.061. CORPORATION'S ORGANIZATION NOT RESTRICTED. Except as provided by...
Section 501.062. Board of Directors - Sec. 501.062. BOARD OF DIRECTORS. (a) All of the powers...
Section 501.063. Organizational Meeting - Sec. 501.063. ORGANIZATIONAL MEETING. (a) After issuance of the certificate...
Section 501.064. Bylaws - Sec. 501.064. BYLAWS. (a) A corporation may adopt and amend...
Section 501.065. Officers - Sec. 501.065. OFFICERS. (a) A corporation has the following officers:...
Section 501.066. Indemnification - Sec. 501.066. INDEMNIFICATION. (a) In this section, "director or officer"...
Section 501.067. Insurance and Benefits - Sec. 501.067. INSURANCE AND BENEFITS. (a) Notwithstanding any law to...
Section 501.068. Board Meetings; Notice of Meeting - Sec. 501.068. BOARD MEETINGS; NOTICE OF MEETING. (a) A board...
Section 501.069. Waiver of Notice - Sec. 501.069. WAIVER OF NOTICE. If a notice is required...
Section 501.070. Action of Board; Quorum - Sec. 501.070. ACTION OF BOARD; QUORUM. (a) A quorum of...
Section 501.071. Action Without Meeting - Sec. 501.071. ACTION WITHOUT MEETING. (a) An action that may...
Section 501.072. Open Meetings and Public Information - Sec. 501.072. OPEN MEETINGS AND PUBLIC INFORMATION. A board of...
Section 501.073. Supervision by Authorizing Unit - Sec. 501.073. SUPERVISION BY AUTHORIZING UNIT. (a) The corporation's authorizing...
Section 501.074. Purchasing - Sec. 501.074. PURCHASING. A corporation may use the reverse auction...
Section 501.075. Exemption From Taxation - Sec. 501.075. EXEMPTION FROM TAXATION. (a) The activities of a...
Subchapter C. Authorized Projects
Section 501.101. Projects Related to Creation or Retention of Primary Jobs - Sec. 501.101. PROJECTS RELATED TO CREATION OR RETENTION OF PRIMARY...
Section 501.102. Projects Related to Certain Job Training - Sec. 501.102. PROJECTS RELATED TO CERTAIN JOB TRAINING. In this...
Section 501.103. Certain Infrastructure Improvement Projects - Sec. 501.103. CERTAIN INFRASTRUCTURE IMPROVEMENT PROJECTS. In this subtitle, "project"...
Section 501.104. Projects Related to Certain Military Bases or Missions - Sec. 501.104. PROJECTS RELATED TO CERTAIN MILITARY BASES OR MISSIONS....
Section 501.105. Career Center Projects Outside of Junior College District - Sec. 501.105. CAREER CENTER PROJECTS OUTSIDE OF JUNIOR COLLEGE DISTRICT....
Section 501.106. Airport Facilities or Other Projects by Corporations Authorized by Certain Border Municipalities - Sec. 501.106. AIRPORT FACILITIES OR OTHER PROJECTS BY CORPORATIONS AUTHORIZED...
Section 501.107. Infrastructure Projects by Corporations Authorized by Municipalities in Certain Border Counties - Sec. 501.107. INFRASTRUCTURE PROJECTS BY CORPORATIONS AUTHORIZED BY MUNICIPALITIES IN...
Subchapter D. Corporate Powers and Limitations Relating to Projects
Section 501.151. Authority to Finance Project - Sec. 501.151. AUTHORITY TO FINANCE PROJECT. A corporation is a...
Section 501.152. Definition of Cost With Respect to Project - Sec. 501.152. DEFINITION OF COST WITH RESPECT TO PROJECT. In...
Section 501.153. Lease or Sale of Project - Sec. 501.153. LEASE OR SALE OF PROJECT. (a) A corporation...
Section 501.154. Conveyance of Property to Institution of Higher Education - Sec. 501.154. CONVEYANCE OF PROPERTY TO INSTITUTION OF HIGHER EDUCATION....
Section 501.155. Loan to Finance Project - Sec. 501.155. LOAN TO FINANCE PROJECT. (a) A corporation may...
Section 501.156. Agreement Must Benefit Corporation - Sec. 501.156. AGREEMENT MUST BENEFIT CORPORATION. An agreement relating to...
Section 501.157. Default on Agreement; Enforcement - Sec. 501.157. DEFAULT ON AGREEMENT; ENFORCEMENT. An agreement relating to...
Section 501.158. Performance Agreements - Sec. 501.158. PERFORMANCE AGREEMENTS. (a) A corporation may not provide...
Section 501.159. Powers Concerning Projects; Jurisdiction - Sec. 501.159. POWERS CONCERNING PROJECTS; JURISDICTION. (a) A corporation may...
Section 501.160. Owning or Operating Project as Business - Sec. 501.160. OWNING OR OPERATING PROJECT AS BUSINESS. (a) Except...
Section 501.161. Certain Economic Incentives Prohibited - Sec. 501.161. CERTAIN ECONOMIC INCENTIVES PROHIBITED. (a) In this section,...
Section 501.162. Use of Tax Revenue for Job Training - Sec. 501.162. USE OF TAX REVENUE FOR JOB TRAINING. A...
Section 501.163. Use of Tax Revenue for Job-Related Skills Training by Certain Corporations - Sec. 501.163. USE OF TAX REVENUE FOR JOB-RELATED SKILLS TRAINING...
Subchapter E. Corporate Powers and Limitations Relating to Bonds
Section 501.201. Authority to Issue Bonds - Sec. 501.201. AUTHORITY TO ISSUE BONDS. (a) A corporation may...
Section 501.202. Terms - Sec. 501.202. TERMS. Bonds issued by a corporation must be...
Section 501.203. Securities Commissioner Permit to Sell Securities Required - Sec. 501.203. SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED. A...
Section 501.204. Authorizing Unit's Approval of Bonds - Sec. 501.204. AUTHORIZING UNIT'S APPROVAL OF BONDS. (a) A corporation...
Section 501.205. Bond Counsel and Financial Advisors - Sec. 501.205. BOND COUNSEL AND FINANCIAL ADVISORS. Bond counsel and...
Section 501.206. Money Used to Pay Bonds - Sec. 501.206. MONEY USED TO PAY BONDS. The principal of...
Section 501.207. Bonds Not Debt of State or Authorizing Unit - Sec. 501.207. BONDS NOT DEBT OF STATE OR AUTHORIZING UNIT....
Section 501.208. Bond Security; Default - Sec. 501.208. BOND SECURITY; DEFAULT. (a) The principal of and...
Section 501.209. Trust Agreement - Sec. 501.209. TRUST AGREEMENT. (a) Bonds issued under this subtitle...
Section 501.210. Financial Assurance or Responsibility Requirements for Certain Projects - Sec. 501.210. FINANCIAL ASSURANCE OR RESPONSIBILITY REQUIREMENTS FOR CERTAIN PROJECTS....
Section 501.211. Use of Bond Proceeds - Sec. 501.211. USE OF BOND PROCEEDS. (a) The proceeds of...
Section 501.212. Interim Bonds - Sec. 501.212. INTERIM BONDS. (a) Before the preparation of definitive...
Section 501.213. Refunding Bonds - Sec. 501.213. REFUNDING BONDS. (a) A corporation may provide by...
Section 501.214. Sale or Exchange of Bonds - Sec. 501.214. SALE OR EXCHANGE OF BONDS. With respect to...
Subchapter F. Administration by Economic Development Office
Section 501.251. State Standards for Project Eligibility - Sec. 501.251. STATE STANDARDS FOR PROJECT ELIGIBILITY. The economic development...
Section 501.252. State Standards and Guidelines for Lease, Sale, or Loan Agreements - Sec. 501.252. STATE STANDARDS AND GUIDELINES FOR LEASE, SALE, OR...
Section 501.253. Rules for Small Business Programs - Sec. 501.253. RULES FOR SMALL BUSINESS PROGRAMS. The economic development...
Section 501.254. Filing of Rules and Guidelines With Secretary of State - Sec. 501.254. FILING OF RULES AND GUIDELINES WITH SECRETARY OF...
Section 501.255. Approval of Lease, Sale, or Loan Agreement - Sec. 501.255. APPROVAL OF LEASE, SALE, OR LOAN AGREEMENT. (a)...
Section 501.256. Approval of Bonds by Economic Development Office - Sec. 501.256. APPROVAL OF BONDS BY ECONOMIC DEVELOPMENT OFFICE. (a)...
Section 501.257. Filing of Fee Schedule and Bond Procedures - Sec. 501.257. FILING OF FEE SCHEDULE AND BOND PROCEDURES. The...
Section 501.258. Delegation of Authority - Sec. 501.258. DELEGATION OF AUTHORITY. The economic development office may...
Subchapter G. Amendment or Restatement Of
Section 501.301. Amendment by Board of Directors - Sec. 501.301. AMENDMENT BY BOARD OF DIRECTORS. (a) The board...
Section 501.302. Amendment by Unit - Sec. 501.302. AMENDMENT BY UNIT. The governing body of the...
Section 501.303. Amendment to County Alliance Corporation's Certificate of Formation - Sec. 501.303. AMENDMENT TO COUNTY ALLIANCE CORPORATION'S CERTIFICATE OF FORMATION....
Section 501.304. Contents of Certificate of Amendment - Sec. 501.304. CONTENTS OF CERTIFICATE OF AMENDMENT. The certificate of...
Section 501.305. Execution and Verification of Certificate of Amendment - Sec. 501.305. EXECUTION AND VERIFICATION OF CERTIFICATE OF AMENDMENT. (a)...
Section 501.306. Delivery and Filing of Certificate of Amendment - Sec. 501.306. DELIVERY AND FILING OF CERTIFICATE OF AMENDMENT. (a)...
Section 501.307. Suits or Rights Not Affected - Sec. 501.307. SUITS OR RIGHTS NOT AFFECTED. (a) An amendment...
Section 501.308. Restated Certificate of Formation - Sec. 501.308. RESTATED CERTIFICATE OF FORMATION. A corporation may authorize,...
Section 501.310. Restatement With Additional Amendment - Sec. 501.310. RESTATEMENT WITH ADDITIONAL AMENDMENT. (a) A corporation may:...
Section 501.311. Change in Certain Information Not Amendment - Sec. 501.311. CHANGE IN CERTAIN INFORMATION NOT AMENDMENT. For purposes...
Section 501.312. Execution and Verification of Restated Certificate of Formation - Sec. 501.312. EXECUTION AND VERIFICATION OF RESTATED CERTIFICATE OF FORMATION....
Section 501.313. Delivery and Filing of Restated Certificate of Formation - Sec. 501.313. DELIVERY AND FILING OF RESTATED CERTIFICATE OF FORMATION....
Section 501.314. Effect of Issuance of Certificate Evidencing Filing of Restated Certificate of Formation - Sec. 501.314. EFFECT OF ISSUANCE OF CERTIFICATE EVIDENCING FILING OF...
Subchapter H. Registered Office and Agent; Service of Process
Section 501.351. Registered Office and Agent - Sec. 501.351. REGISTERED OFFICE AND AGENT. (a) A corporation shall...
Section 501.352. Change of Registered Office or Agent - Sec. 501.352. CHANGE OF REGISTERED OFFICE OR AGENT. (a) A...
Section 501.353. Resignation of Registered Agent - Sec. 501.353. RESIGNATION OF REGISTERED AGENT. (a) A corporation's registered...
Section 501.354. Agents for Service - Sec. 501.354. AGENTS FOR SERVICE. (a) The president, each vice...
Subchapter I. Alteration or Termination of Corporation
Section 501.401. Alteration or Termination by Authorizing Unit - Sec. 501.401. ALTERATION OR TERMINATION BY AUTHORIZING UNIT. (a) At...
Section 501.402. Termination of Corporation on Completion of Purpose - Sec. 501.402. TERMINATION OF CORPORATION ON COMPLETION OF PURPOSE. The...
Section 501.403. Execution of Certificate of Termination - Sec. 501.403. EXECUTION OF CERTIFICATE OF TERMINATION. A certificate of...
Section 501.404. Delivery and Filing of Certificate of Termination - Sec. 501.404. DELIVERY AND FILING OF CERTIFICATE OF TERMINATION. (a)...
Section 501.405. Effect of Issuance of Certificate Evidencing Filing of Certificate of Termination - Sec. 501.405. EFFECT OF ISSUANCE OF CERTIFICATE EVIDENCING FILING OF...
Section 501.406. Assets on Termination - Sec. 501.406. ASSETS ON TERMINATION. On termination the title to...
Section 501.407. Termination With Transfer of Assets to Type a Corporation - Sec. 501.407. TERMINATION WITH TRANSFER OF ASSETS TO TYPE A...
Subchapter J. Hurricane Ike Disaster Relief
Section 501.451. Applicability - Sec. 501.451. APPLICABILITY. This subchapter applies only to a corporation...
Section 501.452. Projects Related to Hurricane Ike Disaster Area - Sec. 501.452. PROJECTS RELATED TO HURRICANE IKE DISASTER AREA. For...
Section 501.453. Projects Not Administered by Economic Development Office - Sec. 501.453. PROJECTS NOT ADMINISTERED BY ECONOMIC DEVELOPMENT OFFICE. A...