Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 4. DEVELOPMENT AND IMPROVEMENT |
Subtitle D. PARKS AND RECREATION |
Chapter 4501. TEXAS STATE RAILROAD AUTHORITY |
Subchapter C. POWERS AND DUTIES |
Sec. 4501.108. NONPROFIT CORPORATION
Latest version.
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(a) The board by resolution may authorize the creation of a nonprofit corporation to assist the authority in implementing a project or providing a service authorized by this chapter.
(b) The nonprofit corporation may implement any project and provide any service authorized by this chapter.
(c) The board shall appoint the board of directors of the nonprofit corporation.
Added by Acts 2007, 80th Leg., R.S., Ch. 568 , Sec. 1, eff. June 16, 2007.