Sec. 3953.107. 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 2017, 85th Leg., R.S., Ch. 630 (H.B. 4297), Sec. 1, eff. June 12, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3953 - Telfair Tract 5 Commercial Management District
Subchapter C. Powers and Duties
Section 3953.101. General Powers and Duties
Section 3953.102. Improvement Projects and Services
Section 3953.103. Location of Improvement Project
Section 3953.104. Public Improvement District Powers
Section 3953.105. Municipal Management District Powers
Section 3953.106. Development Corporation Powers
Section 3953.107. Nonprofit Corporation
Section 3953.108. Agreements; Grants
Section 3953.109. Law Enforcement Services
Section 3953.110. Membership in Charitable Organizations
Section 3953.111. Economic Development
Section 3953.112. Parking Facilities
Section 3953.113. Annexation or Exclusion of Land
Section 3953.114. Approval by City