Texas Local Government Code 502.052 – Use of Tax Revenue for Mass Transit-Related Facilities
Current as of: 2024 | Check for updates
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Terms Used In Texas Local Government Code 502.052
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A corporation may, as authorized by the corporation’s board of directors, spend tax revenue received under this subtitle for the development, improvement, expansion, or maintenance of facilities relating to the operation of commuter rail, light rail, or motor buses.