Sec. 53.131. AUTHORITY'S EARNINGS. A private person may not share in any of an authority's earnings.
Added by Acts 1983, 68th Leg., p. 861, ch. 200, Sec. 3, eff. Aug. 29, 1983.
Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53 - Higher Education Facility Authorities for Public Schools
Subchapter B. Administrative Provisions
Section 53.11. Creation of Authority
Section 53.13. Corporate Powers
Section 53.131. Authority's Earnings
Section 53.14. Board of Directors
Section 53.15. Organization of Board; Quorum; Employees; Counsel