Enrolled Bill Summary

House Bill 2614 amends the Development Corporation Act of 1979 to allow two or more counties that are adjacent or in close proximity to create a county alliance to authorize the creation of a development corporation. The act includes requirements relating to the membership of the corporation's board of directors, procedures by which a county may join or leave an established county alliance, procedures for distribution of any net earnings among the counties in the alliance, and procedures for dissolution of a corporation authorized by a county alliance. It also includes procedures relating to delivery of certificates and restated certificates of incorporation and to approval of amendments to articles of incorporation.

The act also requires that a resolution to issue bonds be adopted by the commissioners courts of at least three-fifths of the members of a county alliance.