Sec. 3994.0303. 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 2021, 87th Leg., R.S., Ch. 989 (H.B. 4628), Sec. 1, eff. June 18, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3994 - Veale Ranch Municipal Management District No. 1
Subchapter C. Powers and Duties
Section 3994.0301. General Powers and Duties
Section 3994.0302. Improvement Projects and Services
Section 3994.0303. Nonprofit Corporation
Section 3994.0304. Law Enforcement Services
Section 3994.0305. Membership in Charitable Organizations
Section 3994.0306. Economic Development Programs
Section 3994.0307. Parking Facilities
Section 3994.0308. Adding or Excluding Land
Section 3994.0309. Disbursements and Transfers of Money