(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.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Texas Special District Local Laws Code 4501.108

  • 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.

(c) The board shall appoint the board of directors of the nonprofit corporation.

  Previous section
Next section  
 Subchapter C Contents