Sec. 3967.0306. 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 2019, 86th Leg., R.S., Ch. 1254 (H.B. 4644), Sec. 1, eff. June 14, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3967 - Wood Trace Management District of Montgomery County, Texas
Subchapter C. Powers and Duties
Section 3967.0301. General Powers and Duties
Section 3967.0302. Improvement Projects and Services
Section 3967.0303. Recreational Facilities
Section 3967.0304. Authority for Road Projects
Section 3967.0305. Conveyance and Approval of Road Project
Section 3967.0306. Nonprofit Corporation
Section 3967.0307. Law Enforcement Services
Section 3967.0308. Membership in Charitable Organizations
Section 3967.0309. Economic Development
Section 3967.0310. Strategic Partnership Agreement
Section 3967.0311. Regional Participation Agreement
Section 3967.0312. Parking Facilities
Section 3967.0313. Adding or Excluding Land
Section 3967.0314. Disbursements and Transfers of Money