Texas Local Government Code Title 12, Chapter 379a - Municipal Development Corporations

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 379A.001 - Short Title
  This chapter may be cited as the Better Jobs Act. Added by Acts 2001, 77th Leg., ch. 149, Sec. 1, eff. May 16, 2001.
• Texas Section 379A.002 - Findings And Purposes
  (a) The legislature finds that: (1) it is an appropriate role for a municipality to foster economic opportunity, job generation, and capital investment by promoting...
• Texas Section 379A.003 - Definitions
  In this chapter: (1) "Board" means the board of directors of a municipal development corporation. (2) "Corporation" means a municipal development corporation created under this...

SUBCHAPTER B CREATION OF CORPORATION

• Texas Section 379A.004 - Application Of Non-profit Corporation Act
  A corporation created under this chapter is governed by the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes), except to the...
• Texas Section 379A.011 - Creation
  The governing body of a municipality may create a municipal development corporation under this chapter. Added by Acts 2001, 77th Leg., ch. 149, Sec. 1,...
• Texas Section 379A.012 - Articles Of Incorporation
  The articles of incorporation of the corporation must state that the corporation is governed by this chapter. Added by Acts 2001, 77th Leg., ch. 149,...
• Texas Section 379A.013 - Number Of Corporations
  A municipality may not create more than one corporation under this chapter. Added by Acts 2001, 77th Leg., ch. 149, Sec. 1, eff. May 16,
• Texas Section 379A.014 - Adoption And Approval Of Bylaws
  The initial bylaws of a corporation shall be adopted by its board of directors and approved by resolution of the governing body of the municipality...

SUBCHAPTER C BOARD OF DIRECTORS

• Texas Section 379A.015 - Performance Review And Assessment
  The governing body of the municipality that creates the corporation shall undertake a performance review and assessment of the corporation once every five years. Based...
• Texas Section 379A.021 - Composition And Appointment Of Board
  (a) Except as provided by Subsection (g), the corporation is governed by a board of 5, 7, 9, 11, 13, or 15 directors, as determined...
• Texas Section 379A.022 - Compensation
  A board member is not entitled to compensation, but is entitled to reimbursement for actual and necessary expenses incurred in serving as a director. Added...
• Texas Section 379A.023 - Meetings
  The board shall conduct its meetings in the municipality that created the corporation. Added by Acts 2001, 77th Leg., ch. 149, Sec. 1, eff. May...
• Texas Section 379A.024 - Officers
  The board shall appoint from its members a presiding officer, a secretary, and other officers of the corporation that the governing body of the municipality...

SUBCHAPTER D POWERS OF CORPORATION

• Texas Section 379A.025 - Adoption And Approval Of Budget; Review Of Corporate Finances
  (a) The board shall prepare an annual budget for the corporation. To be effective, the budget must be approved by the board and presented to...
• Texas Section 379A.051 - Programs
  (a) A corporation may develop and implement programs for: (1) job training, including long-term job training and in-training support service grants; (2) early childhood development...
• Texas Section 379A.052 - General Powers Of Corporation
  The corporation may: (1) own or operate a program authorized by this chapter; (2) perform any act necessary to the full exercise of the corporation's...
• Texas Section 379A.053 - Nature Of Corporate Property
  (a) The legislature finds for all constitutional and statutory purposes that the corporation owns, uses, and holds its property for public purposes. (b) Section 25.07(a),...
• Texas Section 379A.054 - Open Records And Meetings
  The board is treated as a governmental body for the purposes of Chapters 551 and 552, Government Code. Added by Acts 2001, 77th Leg., ch....

SUBCHAPTER E SALES AND USE TAX

• Texas Section 379A.055 - Administration Of Scholarship Fund
  (a) In providing funds to an accredited postsecondary educational institution to be used for scholarships as authorized by Section 379A.051, the corporation by agreement with...
• Texas Section 379A.081 - Sales And Use Tax
  (a) A municipality may levy a sales and use tax for the benefit of the corporation if the tax is authorized by a majority of...
• Texas Section 379A.082 - Election To Change Rate Of Tax
  (a) A municipality that has adopted a sales and use tax under this chapter at a rate of less than one-half of one percent may...
• Texas Section 379A.083 - Imposition Of Tax
  (a) If the municipality adopts the tax, a tax is imposed on the receipts from the sale at retail of taxable items in the municipality...

Last modified: September 28, 2016