Sec. 152.054. SUPERVISION BY BOARD OF DIRECTORS OF RIVER AUTHORITY. (a) The budget of a corporation created under Section 152.051 must be approved by the board of directors of the river authority.
(b) The activities of the corporation are subject to the continuing review and supervision of the river authority's board of directors.
(c) The issuance of bonds or other obligations under this chapter by a corporation created under Section 152.051 must be approved by the board of directors of the river authority.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999.
Section: Previous 152.001 152.002 152.051 152.052 152.053 152.054 152.055 152.056 152.057 152.058 152.101 152.102 152.103 152.151 152.152 NextLast modified: September 28, 2016