Sec. 2308.266. NONPROFIT STATUS; ABILITY TO SOLICIT FUNDS. (a) A board may apply for and receive a charter as a private, nonprofit corporation under the laws of this state and may choose to be recognized as a Section 501(c)(3) organization under the Internal Revenue Code of 1986 (26 U.S.C. Section 501(c)(3)).
(b) In addition to receiving funds specified in this chapter, a board may solicit additional funds from other public and private sources.
(c) A board may not solicit or accept money from an entity with which the board contracts for the delivery of services.
Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.81(a), eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2308 - Workforce Investment Act
Section 2308.2515. Application of Prior Law
Section 2308.252. Designation of Workforce Development Areas
Section 2308.253. Creation of Local Workforce Development Boards
Section 2308.254. Limitation on Exercise of Board Powers
Section 2308.255. Appointment of Board; Liability of Board Members
Section 2308.256. Board Membership
Section 2308.258. Presiding Officer
Section 2308.259. Board Committees
Section 2308.260. Technical Advisory Groups
Section 2308.261. Certification of Board
Section 2308.263. Approval of Fiscal Agent
Section 2308.264. Contracting for Service Delivery
Section 2308.265. Incentives and Waivers
Section 2308.266. Nonprofit Status; Ability to Solicit Funds
Section 2308.268. Assistance and Sanctions for Nonperformance
Section 2308.269. Sanctions for Lack of Fiscal Accountability