Sec. 337.011. AUTHORITY TO CREATE. (a) A municipality or county may create a nonmember, nonstock, public, cultural educational facilities finance corporation for the sole purpose of acquiring, constructing, providing, improving, financing, and refinancing cultural facilities for the public purposes stated in this chapter.
(b) The municipality or county shall create and organize the corporation in the same manner as a health facilities development corporation is created and organized under Chapter 221, Health and Safety Code.
Added by Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488), Sec. 20.004(a), eff. September 1, 2017.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Chapter 337 - Cultural Education Facilities Finance Corporation
Subchapter B. Creation and Operation of Corporation
Section 337.011. Authority to Create
Section 337.012. General Powers
Section 337.013. Scope of Authority