Sec. 4501.108. NONPROFIT CORPORATION. (a) The board by resolution may authorize the creation of a nonprofit corporation to assist the authority in implementing a project or providing a service authorized by this chapter.
(b) The nonprofit corporation 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.
Added by Acts 2007, 80th Leg., R.S., Ch. 568 (S.B. 1659), Sec. 1, eff. June 16, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle D - Parks and Recreation
Chapter 4501 - Texas State Railroad Authority
Subchapter C. Powers and Duties
Section 4501.101. General Powers
Section 4501.102. Contract to Manage or Operate Authority Property
Section 4501.1021. Sale of Alcoholic Beverages on Authority Property
Section 4501.103. Competitive Bidding
Section 4501.104. General Property Powers
Section 4501.105. Conditional Transfer of Property
Section 4501.106. Surplus Property