Tex. Loc. Gov't Code § 505.103

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

Section 505.103 - Limitation on Use of Revenues for Promotional Purposes

A Type B corporation may spend not more than 10 percent of the corporate revenues for promotional purposes.

Tex. Loc. Gov't. Code § 505.103

Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 3.01, eff. 4/1/2009.