Sec. 3849.103. NONPROFIT CORPORATION. (a) The board by resolution may authorize the creation of a nonprofit corporation to assist and act for the district in implementing a project or providing a service authorized by this chapter.
(b) The nonprofit corporation:
(1) has each power of and is considered for purposes of this chapter to be a local government corporation created under Chapter 431, Transportation Code; and
(2) may implement any project and provide any service authorized by this chapter.
(c) The board shall appoint the board of directors of the nonprofit corporation. The board of directors of the nonprofit corporation shall serve in the same manner as the board of directors of a local government corporation created under Chapter 431, Transportation Code, except that a board member is not required to reside in the district.
Added by Acts 2007, 80th Leg., R.S., Ch. 949 (H.B. 4004), Sec. 1, eff. June 15, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3849 - International Management District
Subchapter C. Powers and Duties
Section 3849.101. General Powers
Section 3849.102. Exercise of Powers of Other Governmental Entities
Section 3849.103. Nonprofit Corporation
Section 3849.104. Agreements; Grants
Section 3849.105. Authority to Contract for Law Enforcement
Section 3849.106. Annexation or Exclusion of Territory
Section 3849.107. Approval by City of Houston
Section 3849.108. Membership in Charitable Organizations
Section 3849.109. Economic Development Programs and Other Powers Related to Planning and Development