Sec. 152.155. ESTABLISHMENT OF PROGRAM. (a) An economic development program may be established only by formal action of the board of directors of a river authority.
(b) The board of directors shall:
(1) establish the goals of the program;
(2) impose requirements on persons participating in or receiving a benefit from the program; and
(3) provide restrictions, procedures, and budget limits the board of directors determines are necessary to ensure that the governmental purposes of this subchapter and the program are achieved.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 5 - Special Law Districts
Chapter 152 - River Authorities Engaged in Distribution and Sale of Electric Energy
Subchapter D. Economic Development Programs
Section 152.152. Applicability
Section 152.153. Authority for Economic Development Program
Section 152.155. Establishment of Program
Section 152.156. Participation in Program by Person Other Than River Authority
Section 152.157. Staffing and Funding of Program
Section 152.159. Guidelines for Assistance to Public Fire-Fighting Organizations
Section 152.160. Receipt of Electric Service as Condition for Participation in Program