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LOCAL GOVERNMENT CODE CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS <br />(c) A corporation to which this section applies may contract with any <br />person to provide the job training authorized under this section. <br />Added by Acts 2013, 83rd Leg., R.S., Ch. 1283 (H.B. 1967), Sec. 1, eff. June 14, <br /> 2013. <br />Text of section as added by Acts 2013, 83rd Leg., R.S., Ch. 1295 (H.B. 2473), <br />Sec. 1 <br />For text of section as added by Acts 2013, 83rd Leg., R.S., Ch. 1283 (H.B. <br />1967), Sec. 1, see other Sec. 501.163. <br />For expiration of this section, see Subsection (c). <br />Sec. 501.163. USE OF TAX REVENUE FOR HOUSING FACILITIES FOR PUBLIC STATE <br />COLLEGES. (a) In this section: <br />(1) "Housing facility" has the meaning assigned by Section 53.02, <br />Education Code. <br />(2) "Public state college" has the meaning assigned by Section 61.003, <br /> Education Code. <br />(b) A corporation may spend tax revenue received under this subtitle for <br />expenditures that are for the development or construction of housing facilities <br />on or adjacent to the campus of a public state college. <br />(c) This section expires September 1, 2017. <br />Added by Acts 2013, 83rd Leg., R.S., Ch. 1295 (H.B. 2473), Sec. 1, eff. June 14, <br /> 2013. <br />SUBCHAPTER E. CORPORATE POWERS AND LIMITATIONS RELATING TO BONDS <br />Sec. 501.201. AUTHORITY TO ISSUE BONDS. (a) A corporation may issue <br />bonds to defray all or part of the cost of a project, regardless of whether the <br />bonds are wholly or partly exempt from federal income taxation. <br />(b) Except as limited by this subtitle or rules and guidelines of the <br />economic development office, a corporation has full authority with respect to <br />bonds. <br />(c) Except as otherwise provided by this subtitle, a corporation may issue <br /> bonds under this subtitle without obtaining the consent or approval of any <br />department, division, or agency of this state, other than the attorney general <br />under Chapter 1202, Government Code. <br />Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April <br />1, 2009. <br />http://www.statutes.legis.state.tx.us/Docs/LG/htm/LG.501.htm\[9/22/2014 3:35:01 PM\] <br /> <br />