Sec. 505.102. CONTRACT WITH OTHER PRIVATE CORPORATION. A Type B 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 specified 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 505 - Type B Corporations
Subchapter C. Powers and Duties
Section 505.101. Applicability of Other Law; Conflicts
Section 505.102. Contract With Other Private Corporation
Section 505.103. Limitation on Use of Revenues for Promotional Purposes
Section 505.104. Bond Repayment
Section 505.1041. Appraisal Required Before Purchase of Property With Bond Proceeds