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A BILL TO BE ENTITLED
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AN ACT
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relating to the creation of public facility corporations and |
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requirements applicable to public facility corporations. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 303.021, Local Government Code, is |
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amended by adding Subsection (c) to read as follows: |
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(c) A corporation created under this chapter must remain a |
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public facility corporation under this chapter. |
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SECTION 2. Section 303.022, Local Government Code, is |
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amended to read as follows: |
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Sec. 303.022. CREATION UNDER OTHER LAW. A nonprofit |
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corporation created by a housing authority under the Texas |
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Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's |
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Texas Civil Statutes), regardless of the date the corporation is |
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created, is considered a corporation under this chapter, [and] has |
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the rights and powers necessary or convenient to accomplish a |
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corporation's purposes under this chapter, and is subject to the |
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requirements of this chapter. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2021. |