Section 504.171 - Authority of Certain Corporations to Undertake Type B Projects(a) This section applies only to a Type A corporation the creation of which was authorized by a municipality:(1) that has also authorized the creation of a Type B corporation; and(2) that has a population of 7,500 or less.(b) Notwithstanding Section 504.152, if permitted by ordinance of the authorizing municipality, a Type A corporation to which this section applies may undertake any project that a Type B corporation, the creation of which was authorized by the same municipality, may undertake under Chapter 505.(c) The governing body of an authorizing municipality may by ordinance revoke any authority granted to a Type A corporation under Subsection (b). A revocation under this subsection does not affect the authority of a corporation to complete a project already undertaken or the obligation to repay any debt incurred in connection with a project under Subsection (b).Tex. Loc. Gov't. Code § 504.171
Added by Acts 2011, 82nd Leg., R.S., Ch. 1177, Sec. 1, eff. 6/17/2011.