Texas Local Government Code Title 12, Chapter 502 - Provisions Applicable To Type A And Type B Corporations

SUBCHAPTER A GENERAL PROVISIONS

SUBCHAPTER B CORPORATE POWERS AND LIMITATIONS

• Texas Section 502.001 - Applicability Of Chapter
  This chapter applies only to Type A and Type B corporations. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff....
• Texas Section 502.051 - Written Contract Required For Business Recruitment Or Development
  (a) Except under a written contract approved by the corporation's board of directors, a corporation may not pay compensation, including a commission or fee, or...

SUBCHAPTER C TRAINING REQUIREMENTS

• Texas Section 502.052 - Use Of Tax Revenue For Mass Transit-related Facilities
  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...
• Texas Section 502.101 - Training Regarding Operation Of Corporation
  (a) At least once in each 24-month period, the following persons associated with a corporation shall attend a training seminar regarding the operation of a...
• Texas Section 502.102 - Provision Of Training Seminar
  (a) A training seminar under Section 502.101 must be provided by a statewide organization representing corporations created under this subtitle, except that if the economic...

SUBCHAPTER D REPORTING REQUIREMENTS

• Texas Section 502.103 - Proof Of Compliance
  (a) A person providing a training seminar under Section 502.101 shall issue a certificate of completion, on a form approved by the comptroller, to each...
• Texas Section 502.151 - Report To Comptroller
  (a) Not later than February 1 of each year, the board of directors of a corporation shall submit a report to the comptroller that includes:...
• Texas Section 502.152 - Notice Of Failure To Report
  (a) If a corporation does not submit a report as required by Section 502.151 or does not include sufficient information in the report, the comptroller...
• Texas Section 502.153 - Report To Legislature
  Not later than November 1 of each even-numbered year, the comptroller shall submit to the legislature a report on the use of the sales and...

Last modified: September 28, 2016