07-07-15 Meeting of the La Porte Development Corporation Board of Directors

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LOCAL GOVERNMENT CODE CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS MUNICIPALITIES IN CERTAIN BORDER COUNTIES. (a) This section applies only to a corporation that: (1) is authorized to be created by a municipality wholly or partly located in a county that: (A) is bordered by the Rio Grande; (B) has a population of at least 500,000; and (C) has wholly or partly within its boundaries at least four municipalities each of which has a population of at least 25,000; and (2) does not support a project, as defined by this subchapter, with sales and use tax revenue collected under Chapter 504 or 505. (b) For a corporation to which this section applies, in this subtitle, "project" includes expenditures found by the board of directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises, including airports, ports, and sewer or solid waste disposal facilities. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009. For expiration of this section, see Subsection (c). Sec. 501.108. INFRASTRUCTURE IMPROVEMENT PROJECTS BY CORPORATIONS AUTHORIZED BY CERTAIN COASTAL MUNICIPALITIES. (a) This section applies only to a corporation the creation of which was authorized by a municipality that: (1) has a population of 10,000 or more; (2) is located in a county bordering the Gulf of Mexico or the Gulf Intracoastal Waterway; and (3) has, or is included in a metropolitan statistical area of this state that has, an unemployment rate that averaged at least two percent above the state average for the most recent two consecutive years for which statistics are available. (b) For a corporation to which this section applies, "project" includes expenditures found by the board of directors to be required or suitable for infrastructure improvements necessary to develop and revitalize areas in the corporation's authorizing municipality, including: (1) streets and roads, rail spurs, water and sewer utilities, electric utilities, gas utilities, drainage, site improvements, and related improvements; (2) telecommunications, data, or Internet improvements; or (3) facilities designed to remediate, mitigate, or control erosion, including coastal erosion along the Gulf of Mexico or the Gulf Intracoastal http://www.statutes.legis.state.tx.us/Docs/LG/htm/LG.501.htm\[9/22/2014 3:35:01 PM\]