Sec. 504.102. CONTRACT WITH OTHER PRIVATE CORPORATION. A Type A corporation may contract with another private corporation to:
(1) carry out an industrial development program or objective; or
(2) assist with the development or operation of an economic development program or objective consistent with the purposes and duties provided by this subtitle.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 504 - Type a Corporations
Subchapter C. General Powers and Duties
Section 504.101. Applicability of Other Law; Conflicts
Section 504.102. Contract With Other Private Corporation
Section 504.103. Limitation on Primary Purpose of Project; Exceptions
Section 504.104. Assumption or Payment of Preexisting Debt Prohibited
Section 504.105. Limitation on Use of Revenues for Promotional Purpose