Sec. 8506.055. VOTING REQUIREMENT. (a) Except as provided by this chapter or the bylaws, action may be taken by the affirmative vote of a majority of the directors present at a meeting.
(b) The following are valid only if authorized or ratified by the affirmative vote of at least five directors:
(1) a contract that involves an amount greater than $10,000 or has a duration of more than one year;
(2) a bond, note, or other evidence of indebtedness; or
(3) an amendment of the bylaws.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8506 - Upper Colorado River Authority
Subchapter B. Board of Directors; Administrative Provisions
Section 8506.051. Membership of Board
Section 8506.055. Voting Requirement
Section 8506.056. Officers and Employees
Section 8506.057. Surety Bonds
Section 8506.058. Authority's Office and Domicile
Section 8506.059. Conflict of Interest; Criminal Penalty
Section 8506.060. Director Training Program
Section 8506.061. Separation of Policymaking and Management Functions
Section 8506.062. Negotiated Rulemaking and Alternative Dispute Resolution