Statutes, codes, and regulations
Texas Codes
LOCAL GOVERNMENT CODETitle 9 - PUBLIC BUILDINGS AND GROUNDSSubtitle C - PUBLIC BUILDING PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENTChapter 303 - PUBLIC FACILITY CORPORATIONS
Subchapter B - CREATION AND OPERATION OF PUBLIC FACILITY CORPORATION
Section 303.023 - Procedure

Tex. Loc. Gov't Code § 303.023

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Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 303.023 - Procedure

A governing body of a sponsor that determines that it is in the public interest and to the benefit of the sponsor's residents and the citizens of this state that a corporation be created to finance, refinance, or provide the costs of public facilities of the sponsor may by resolution stating that determination:

(1) authorize and approve the creation of a corporation to act on behalf of the sponsor; and
(2) approve proposed articles of incorporation for the corporation.

Tex. Loc. Gov't. Code § 303.023

Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. 9/1/1999.