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Texas Transportation Code - Section 283.102. Management Of Project

Legal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Section 283.102. Management Of Project

§ 283.102. MANAGEMENT OF PROJECT.  (a) A bond instrument 
may allow the project to be managed and controlled by a board of 
trustees while the bonds issued are outstanding.
	(b)  The bond instrument in providing for a board of trustees 
must:          
		(1)  name no more than five board members;                                    
		(2)  provide the manner of appointment;  and                                  
		(3)  specify the powers and duties of the board.                              

Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995.                    

Last modified: August 10, 2007