Sec. 3938.105. 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 2015, 84th Leg., R.S., Ch. 982 (H.B. 4154), Sec. 1, eff. June 19, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3938 - Grand Lake Estates Management District
Subchapter C. Powers and Duties
Section 3938.101. General Powers and Duties
Section 3938.102. Improvement Projects and Services
Section 3938.103. Location of Improvement Project
Section 3938.104. Development Corporation Powers
Section 3938.105. Nonprofit Corporation
Section 3938.106. Agreements; Grants
Section 3938.107. Law Enforcement Services
Section 3938.108. Membership in Charitable Organizations
Section 3938.109. Economic Development
Section 3938.110. Real Property Restrictions
Section 3938.111. Designation of Special Zones