Sec. 3868.109. 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 to be a local government corporation created under Subchapter D, 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 Subchapter D, Chapter 431, Transportation Code, except that a board member is not required to reside in the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1190 (H.B. 3819), Sec. 1, eff. September 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3868 - Valencia Municipal Management District No. 1
Subchapter C. Powers and Duties
Section 3868.101. General Powers and Duties
Section 3868.102. Improvement Projects
Section 3868.103. Water District Powers
Section 3868.104. Road District Powers
Section 3868.105. Public Improvement District Powers
Section 3868.106. Municipal Management District Powers
Section 3868.107. Contract Powers
Section 3868.108. Development Corporation Powers
Section 3868.109. Nonprofit Corporation
Section 3868.110. Agreements; Grants
Section 3868.111. Membership in Charitable Organizations
Section 3868.112. Economic Development
Section 3868.113. Adding or Removing Territory
Section 3868.114. No Eminent Domain Power