Sec. 431.110. COMPETITIVE BIDDING EXCEPTION FOR CERTAIN IMPROVEMENTS


Latest version.
  • Any competitive bidding requirement or restriction on a local government that created a local government corporation does not apply to an expenditure by the local government corporation for:

    (1) an improvement:

    (A) that is constructed in a reinvestment zone; and

    (B) the construction of which is managed by a private venture participant; or

    (2) an improvement constructed by the corporation for which more than 50 percent of the construction is funded by a private entity.

Added by Acts 2007, 80th Leg., R.S., Ch. 1213 , Sec. 16, eff. September 1, 2007.