Texas Water Code 152.054 – Supervision by Board of Directors of River Authority
Current as of: 2023 | Check for updates
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(a) The budget of a corporation created under Section 152.051 must be approved by the board of directors of the river authority.
(b) The activities of the corporation are subject to the continuing review and supervision of the river authority’s board of directors.
Terms Used In Texas Water Code 152.054
- 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 issuance of bonds or other obligations under this chapter by a corporation created under Section 152.051 must be approved by the board of directors of the river authority.