Sec. 507.003. AUTHORITY TO CREATE CORPORATION BY ELIGIBLE ENTITIES. The following entities are eligible to authorize the creation under this subtitle of a spaceport development corporation:
(1) a county;
(2) a municipality with a population of two million or more; or
(3) a combination of one or more municipalities and one or more counties.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 120 (H.B. 303), Sec. 1, eff. May 23, 2019.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 507 - Spaceport Development Corporations
Subchapter A. General Provisions
Section 507.002. Scope of Project
Section 507.003. Authority to Create Corporation by Eligible Entities
Section 507.004. Contents of Certificate of Formation
Section 507.005. Corporation Not Subject to Certain Provisions