Tex. Loc. Gov't Code § 379H.054

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 379H.054 - Board Actions

(a) Subject to Subsection (b), actions of the board must be approved by the affirmative vote of a quorum of the board.

(b) Action on the following matters requires approval by a majority of the total membership of the board:

(1) adoption of bylaws or rules for conduct of the business of the land bank for which the board serves;

(2) hiring or firing of any employee or contractor of the land bank for which the board serves;

(3) incurring debt;

(4) adoption or amendment of the annual budget; and

(5) sale, lease, encumbrance, or alienation of or improvements to real or personal property with a value of more than $50,000.

(c) By majority vote, the board may delegate the hiring and firing of employees and contractors to a specific officer or committee of the land bank for which the board serves, under terms and to the extent specified by the board.

(d) A board member may not vote by proxy.

(e) A board member may request a recorded vote on any resolution or action of the land bank.

Tex. Loc. Gov't. Code § 379H.054

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 780,Sec. 1, eff. 9/1/2021.