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 LOCAL GOVERNMENT CODE TITLE 12. PLANNING AND DEVELOPMENT SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS SUBCHAPTER A. GENERAL PROVISIONS Sec. 501.001. SHORT TITLE. This subtitle may be cited as the Development Corporation Act. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009. Sec. 501.002. DEFINITIONS. In this subtitle: (1) "Authorizing unit" means the unit that authorizes the creation of a corporation under this subtitle. (2) "Board of directors" means the board of directors of a corporation. (3) "Bonds" includes evidences of indebtedness, including bonds and notes. (4) "Corporate headquarters facilities" means buildings proposed for construction or occupancy as the principal office for a business enterprise's administrative and management services. (5) "Corporation" means a corporation organized under this subtitle. (6) "Cost," with respect to a project, has the meaning assigned by Section501.152. (7) "County alliance" means two or more counties that jointly authorize the creation of a corporation under this subtitle. (8) "District" means a conservation and reclamation district established under Section 59, Article XVI, Texas Constitution. (9) "Economic development office" means the Texas Economic Development and Tourism Office within the office of the governor. (10) "Governing body" means the commissioners court of a county or the governing body of a municipality or district. (11) "Institution of higher education" has the meaning assigned by Section61.003, Education Code. (12) "Primary job" means: (A) a job that is: http://www.statutes.legis.state.tx.us/Docs/LG/htm/LG.501.htm\[9/22/2014 3:35:01 PM\]