Sec. 3941.104. 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. 910 (S.B. 2044), Sec. 1, eff. June 18, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3941 - Valley Ranch Town Center Management District
Subchapter C. Powers and Duties
Section 3941.101. General Powers and Duties
Section 3941.102. Improvement Projects and Services
Section 3941.103. Development Corporation Powers
Section 3941.104. Nonprofit Corporation
Section 3941.105. Agreements; Grants
Section 3941.106. Law Enforcement Services
Section 3941.107. Membership in Charitable Organizations
Section 3941.108. Economic Development Programs
Section 3941.109. Parking Facilities