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A BILL TO BE ENTITLED
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AN ACT
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relating to the location of board meetings of certain economic |
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development corporations. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 504.054, Local Government Code, is |
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amended to read as follows: |
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Sec. 504.054. LOCATION OF BOARD MEETINGS. (a) Except as |
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provided by Subsection (b), the [The] board of directors of a Type A |
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corporation shall conduct each board meeting within the boundaries |
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of the authorizing municipality. |
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(b) If the authorizing municipality is located in a county |
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with a population of less than 30,000, the board of directors of a |
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Type A corporation may conduct a board meeting within the |
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boundaries of the county. |
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SECTION 2. Section 505.055, Local Government Code, is |
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amended to read as follows: |
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Sec. 505.055. LOCATION OF BOARD MEETINGS. (a) Except as |
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provided by Subsection (b), the [The] board of directors of a Type B |
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corporation shall conduct all meetings within the boundaries of the |
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authorizing municipality. |
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(b) If the authorizing municipality is located in a county |
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with a population of less than 30,000, the board of directors of a |
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Type B corporation may conduct a board meeting within the |
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boundaries of the county. |
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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, 2011. |