Sec. 363.118. INDUSTRIAL DEVELOPMENT CORPORATIONS. (a) A public agency that enters into a contract under Section 363.116 may sponsor the creation of an industrial development corporation as provided by the Development Corporation Act (Subtitle C1, Title 12, Local Government Code).
(b) If the system is located in the public agency's boundaries, the corporation may issue its bonds, notes, or other evidences of indebtedness to finance the costs of a solid waste management system, including a resource recovery system, contemplated under the contract.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.16, eff. April 1, 2009.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Subtitle B - Solid Waste, Toxic Chemicals, Sewage, Litter, and Water
Chapter 363 - Municipal Solid Waste
Subchapter F. Local Solid Waste Services and Regulation
Section 363.111. Adoption of Rules by Public Agency
Section 363.112. Prohibition of Processing or Disposal of Solid Waste in Certain Areas
Section 363.113. Establishment of Solid Waste Management Services
Section 363.114. Resource Recovery Service; Fees
Section 363.115. Tax Exempt Status of Certain Resource Recovery Systems
Section 363.116. Authority to Enter Contracts Concerning Solid Waste Management Services
Section 363.117. Solid Waste Management Service Contracts