Sec. 502.052. USE OF TAX REVENUE FOR MASS TRANSIT-RELATED FACILITIES. A corporation may, as authorized by the corporation's board of directors, spend tax revenue received under this subtitle for the development, improvement, expansion, or maintenance of facilities relating to the operation of commuter rail, light rail, or motor buses.
Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 15.013(b), eff. September 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 502 - Provisions Applicable to Type a and Type B Corporations
Subchapter B. Corporate Powers and Limitations
Section 502.051. Written Contract Required for Business Recruitment or Development
Section 502.052. Use of Tax Revenue for Mass Transit-Related Facilities