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ïñëñîðïï <br />п¹» í ±º í <br />> EDC is exempt from tax imposed by Texas Tax Code Ch.171 <br />501.075> EDC is a purely public charityIs exempt from taxationExemption from Taxation <br />Government Code Section 2155.062(d) for purchasing <br />EDC may also use the reverse auction procedures defined in the <br />EDC is not prohibited from voluntarily following purchasing rules. advertise and bid sale of real estate <br />under state law (since it is not a governmental body). However, state law for all acquisitions over $50,000.00, and must publically <br />501.074EDC is not subject to purchasing rules for competitive bidding City is subject to purchasing rules for competitive bidding under Purchasing <br />all times <br />> City is entitled to access the corporation's books and records at <br />corporation and annually review financial statements <br />501.073> City will approve all programs and expenditures of the Supervision by Authorizing Unit <br />the Texas Government CodeTexas Government Code <br />501.072Subject to open meetings law and the public information law of Subject to open meetings law and the public information law of the Open Meetings and Public Information <br />èäðÍÙÛÐõÍÆÈùÍØ×÷ÙÍÎÍÏÓÙø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎïÇÎÓÙÓÌÛÐõÍÆ×ÊÎÏ×ÎÈéÇÚÒ×ÙÈ <br />éçïïûêãíöóè÷ïéì÷êèûóîóîõèíïçîóùóìûðóèó÷éûîø÷ùíîíïóùø÷æ÷ðíìï÷îèùíêìíêûèóíîé <br />ùÔÛÌÈ×Ê <br /> ìÊÍÆÓÉÓÍÎÉõÍÆ×ÊÎÓÎÕø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎÉ <br />ðÍÙÛÐõÍÆ×ÊÎÏ×ÎÈùÍØ× <br />