Sec. 3940.104. NONPROFIT CORPORATION. (a) The board by resolution may authorize the creation of a nonprofit corporation to assist and act for the district in implementing a project or providing a service authorized by this chapter.
(b) The nonprofit corporation:
(1) has each power of and is considered to be a local government corporation created under Subchapter D, Chapter 431, Transportation Code; and
(2) may implement any project and provide any service authorized by this chapter.
(c) The board shall appoint the board of directors of the nonprofit corporation. The board of directors of the nonprofit corporation shall serve in the same manner as the board of directors of a local government corporation created under Subchapter D, Chapter 431, Transportation Code, except that a board member is not required to reside in the district.
Added by Acts 2015, 84th Leg., R.S., Ch. 499 (S.B. 2043), Sec. 1, eff. June 16, 2015.
Section: Previous 3940.053 3940.054 3940.055 3940.056 3940.101 3940.102 3940.103 3940.104 3940.105 3940.106 3940.107 3940.108 3940.109 3940.110 3940.111 NextLast modified: September 28, 2016