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Texas Statutes (Last Updated: January 4, 2014) |
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LOCAL GOVERNMENT CODE |
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Title 12. PLANNING AND DEVELOPMENT |
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Subtitle C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
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Chapter 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS |
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Subchapter B. CREATION AND OPERATION OF CORPORATION |
Sec. 501.067. INSURANCE AND BENEFITS
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(a) Notwithstanding any law to the contrary and with the consent of the corporation's authorizing unit, a corporation may obtain:
(1) health benefits coverage, liability coverage, workers' compensation coverage, and property coverage under the authorizing unit's insurance policies, through self-funded coverage, or under coverage provided under an interlocal agreement with a political subdivision; or
(2) retirement benefits under a retirement program the authorizing unit participates in or operates.
(b) Health benefits coverage may be extended to the corporation's directors and employees, and to the dependents of the directors and employees.
(c) Workers' compensation benefits may be extended to the corporation's directors, employees, and volunteers.
(d) Liability coverage may be extended to protect the corporation and the corporation's directors and employees.
(e) Retirement benefits may be extended to the corporation's employees.