Texas Special District Local Laws Code Title 4, Chapter 3501 - Lubbock Reese Redevelopment Authority

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 3501.001 - Definitions
  In this chapter: (1) "Authority" means the Lubbock Reese Redevelopment Authority. (2) "Base property" means land described by Section 3501.002(a), including any property used in...
• Texas Section 3501.002 - Authority Territory
  (a) The authority's territory is that described by Section 13.10, Chapter 62, Acts of the 76th Legislature, Regular Session, 1999, enacting former Section 396.009, Local...
• Texas Section 3501.003 - Purpose And Nature Of Authority
  (a) The purpose of the authority is to undertake projects necessary or incidental to the industrial, commercial, or business development, redevelopment, maintenance, and expansion of...

SUBCHAPTER B BOARD OF DIRECTORS

• Texas Section 3501.004 - Exemption From Taxation
  The property, revenue, and income of the authority are exempt from a tax imposed by the state or a political subdivision of the state. Acts...
• Texas Section 3501.051 - Composition Of Board
  (a) The board is composed of: (1) five directors appointed by the governing body of the City of Lubbock from a list of persons recommended...
• Texas Section 3501.052 - Term; Vacancies
  (a) A director serves a term of four years. (b) A vacancy on the board is filled in the same manner as the original appointment....
• Texas Section 3501.053 - Officers
  (a) The board shall elect from its membership a president and a vice president. (b) The vice president shall preside in the absence of the...
• Texas Section 3501.054 - Employees
  The board may employ and compensate persons to carry out the powers and duties of the authority. Acts 2003, 78th Leg., ch. 1277, Sec. 1,...

SUBCHAPTER C POWERS AND DUTIES

• Texas Section 3501.055 - Rules For Proceedings
  The board shall adopt rules for its proceedings. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
• Texas Section 3501.101 - Authority Of Board
  The board shall manage, control, and operate the authority. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
• Texas Section 3501.102 - General Powers And Duties
  (a) The authority may accept title, on approval by and in coordination with the governor, from the United States to all or any portion of...
• Texas Section 3501.103 - Utilities
  (a) As may be necessary and appropriate to accomplish the purposes for which the authority was established, the authority may exercise those powers granted to...
• Texas Section 3501.104 - Security For Costs Or Bond Not Required
  In a suit, the authority may not be required to give security for costs or a supersedeas or cost bond in an appeal from a...
• Texas Section 3501.105 - Advisory Boards
  The board may appoint advisory boards to assist the board in administering this chapter. Added by Acts 2005, 79th Leg., Ch. 423 (S.B. 1751), Sec....

SUBCHAPTER D DISSOLUTION

• Texas Section 3501.106 - Revenue Bonds
  The authority may issue for any authority purpose bonds or other obligations payable from any source of authority revenue. The authority may issue a bond...
• Texas Section 3501.151 - Legislative Intent
  The legislature intends that the authority be dissolved after conveyance and sale of all of the base property. Acts 2003, 78th Leg., ch. 1277, Sec....
• Texas Section 3501.152 - Duty To Dissolve
  (a) The authority shall be dissolved on approval of the City of Lubbock and Lubbock County: (1) when all the functions of the authority are...

Last modified: September 28, 2016