reglab/housing_qa huggingface dataset:
TX Loc Govt Code § 303.040 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter B. Creation and Operation of Public Facility Corporation|Section 303.040. Meetings; Quorum

Sec. 303.040.  MEETINGS;  QUORUM.  (a)  A regular or special meeting of the board of directors must be called and held as provided by the bylaws.  A regular or special meeting may be held at any location in this state.(b)  A director's attendance at a meeting waives notice to the director of the meeting, unless the attendance is for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.(c)  A quorum is the lesser of:(1)  a majority of the number of directors established by the bylaws or, if the bylaws do not establish a number of directors, a majority of the number of directors stated in the articles of incorporation;  or(2)  the number of directors, not less than three, established as a quorum by the articles of incorporation or bylaws.(d)  The act of a majority of the directors present at a meeting at which a quorum is present is an act of the board of directors, unless the act of a larger number is required by the articles of incorporation or bylaws.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.041 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter B. Creation and Operation of Public Facility Corporation|Section 303.041. Corporation's General Powers

Sec. 303.041.  CORPORATION'S GENERAL POWERS.  (a)  Subject to Section 303.045, a corporation has the rights and powers necessary or convenient to accomplish the corporation's purposes, including the power to:(1)  acquire title to a public facility in order to lease, convey, or dispose of the public facility to the corporation's sponsor or, on direction of the sponsor and in furtherance of the sponsor's purposes, to another entity;(2)  accept or grant a mortgage or pledge of a public facility financed, refinanced, or provided by the corporation or by sponsor obligations purchased by the corporation and, as security for the payment of any connected bonds or credit agreements that the corporation issues or incurs:(A)  assign the mortgage or pledge and the revenue and receipts from the mortgage or pledge or from the corporation or sponsor obligations; or(B)  grant other security;(3)  sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or any part of the corporation's property and other assets, including sponsor obligations;(4)  make a contract, including a credit agreement, incur a liability, and borrow money at interest;(5)  lend money for its corporate purposes, invest its money, and take and hold security for the payment of money loaned or invested;(6)  sue and be sued in its corporate name;(7)  appoint agents of the corporation and determine their duties;(8)  have a corporate seal and use the seal by having it or a facsimile of it impressed on, affixed to, or reproduced on an instrument required or authorized to be executed by the corporation's proper officers; and(9)  exercise any powers that a nonprofit corporation may exercise, to the extent necessary or convenient to accomplish the purpose of the corporation.(b)  Subsection (a) does not authorize a corporate officer or director to exercise a power specified in that subsection in a manner that is inconsistent with the corporation's articles of incorporation or bylaws or beyond the scope of the corporation's purposes.(c)  A sponsor may not delegate to a corporation the power of taxation or eminent domain, a police power, or an equivalent sovereign power of this state or the sponsor.(d)  The authority granted under Subsection (a)(3) includes the authority to grant a leasehold or other possessory interest in a public facility owned by the corporation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.Amended by: Acts 2015, 84th Leg., R.S., Ch. 488 (H.B. 2679), Sec. 4, eff. June 16, 2015.|
TX Loc Govt Code § 303.043 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter B. Creation and Operation of Public Facility Corporation|Section 303.043. Net Earnings

Sec. 303.043.  NET EARNINGS.  No part of a corporation's net earnings remaining after payment of its bonds and expenses in accomplishing its public purpose may benefit a person other than the sponsor of the corporation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.044 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter B. Creation and Operation of Public Facility Corporation|Section 303.044. Open Meetings; Open Records

Sec. 303.044.  OPEN MEETINGS;  OPEN RECORDS.  A corporation and its board of directors are considered to be governmental bodies under Chapters 551 and 552, Government Code.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.045 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter B. Creation and Operation of Public Facility Corporation|Section 303.045. Alteration of Corporation or Activities

Sec. 303.045.  ALTERATION OF CORPORATION OR ACTIVITIES.  The sponsor of a corporation, in its sole discretion, may alter the corporation's structure, organization, programs, or activities, consistent with the other provisions of this chapter and subject to limitations provided by law relating to the impairment of contracts entered into by the corporation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.046 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter B. Creation and Operation of Public Facility Corporation|Section 303.046. Examination of Books and Records

Sec. 303.046.  EXAMINATION OF BOOKS AND RECORDS.  A representative of the sponsor may examine all books and other records of the corporation at any time.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.047 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter B. Creation and Operation of Public Facility Corporation|Section 303.047. Waiver of Notice

Sec. 303.047.  WAIVER OF NOTICE.  If a notice is required to be given to a director by this chapter, the articles of incorporation, or the bylaws, a written waiver of the notice signed by the person entitled to the notice, before or after the time that would have been stated in the notice, is equivalent to giving the notice. |Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.071 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.071. Authority to Issue

Sec. 303.071.  AUTHORITY TO ISSUE.  With the specific approval by resolution of the governing body of its sponsor, a corporation may issue or incur bonds, including refunding bonds, to finance, refinance, or provide one or more public facilities.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.072 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.072. Source of Payment

Sec. 303.072.  SOURCE OF PAYMENT.  (a)  Bonds of a corporation are payable from revenue derived from public facilities or sponsor obligations.  Bonds issued under this chapter are not an obligation or a pledge of the faith and credit of this state, a sponsor or other political subdivision of this state, or an agency of this state.(b)  Each bond must contain on its face a statement that neither the faith and credit nor the taxing power of this state, the sponsor, except to the extent of the sponsor obligations, or another political subdivision of this state is pledged to the payment of the principal of or the interest on the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.073 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.073. Terms

Sec. 303.073.  TERMS.  (a)  A bond issued under this chapter must mature not later than 40 years after its date.(b)  Bonds issued under this chapter may be sold in any manner authorized by the corporation and permitted by Chapter 1201, Government Code.(c)  The interest rate on the bonds may be determined by a formula or index or in accordance with a contract or other arrangement for the periodic determination of interest rates.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.074 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.074. Use of Proceeds

Sec. 303.074.  USE OF PROCEEDS.  (a)  The proceeds of the bonds of a corporation may be used to:(1)  finance, refinance, or provide one or more public facilities;(2)  maintain reserve funds determined by the sponsor and the corporation to be necessary and appropriate;  or(3)  pay any costs relating to the issuance or incurrence of bonds by the corporation and the purchase of sponsor obligations by the corporation, including:(A)  the cost of:(i)  financing charges and interest on the bonds;(ii)  financing, legal, accounting, financial advisory, and appraisal fees, expenses, and disbursements;(iii)  an insurance policy;(iv)  printing, engraving, and reproduction services;(v)  the initial and acceptance fees of a trustee, paying agent, bond registrar, or authenticating agent;  and(vi)  a credit agreement;  and(B)  reasonable amounts to reimburse the corporation for time spent by its agents or employees with respect to the issuance, incurrence, or purchase.(b)  The purchase by the corporation of a sponsor obligation does not extinguish the debt represented by the sponsor obligation.(c)  Pending a use described by Subsection (a), the proceeds may be invested in accordance with Section 303.041.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.075 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.075. Refunding Obligations

Sec. 303.075.  REFUNDING OBLIGATIONS.  (a)  A corporation may issue or incur bonds to refund its outstanding bonds or sponsor obligations of its sponsor, including any redemption premium on them and interest accrued to the date of redemption.(b)  The provisions of this chapter generally applicable to bonds apply to the issuance, maturity, terms, and holder's rights in the refunding bonds and to the corporation's rights, duties, and obligations in relation to the refunding bonds.(c)  The corporation may issue the refunding bonds in exchange or substitution for outstanding bonds or sponsor obligations or may sell the refunding bonds and use the proceeds to pay or redeem outstanding bonds or sponsor obligations.(d)  A corporation may issue or incur bonds to refund outstanding debt obligations of a nonprofit corporation created by a housing authority under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.076 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.076. Approval of Bonds by Other Entities

Sec. 303.076.  APPROVAL OF BONDS BY OTHER ENTITIES.  Except as required by Chapter 1202, Government Code, and Section 303.071 a corporation may issue bonds, acquire sponsor obligations, and enter into credit agreements under this chapter without the consent or approval of any other subdivision or agency of this state.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.077 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.077. Perfection of Security Interest

Sec. 303.077.  PERFECTION OF SECURITY INTEREST.  (a)  This section applies only to a security interest granted by:(1)  a corporation as security for its bonds;(2)  a credit agreement pledged as security for the obligations of the corporation on the bonds;  or(3)  a credit agreement issued or entered into in connection with the bonds.(b)  Notwithstanding Section 9.109(d), Business & Commerce Code, and without any other filing, a security interest is perfected until payment of the bonds and credit agreement, with the effect specified by Chapter 9, Business & Commerce Code, when the bonds are registered by the comptroller and the proceedings authorizing the bonds are filed with the comptroller.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.104(a), eff. Sept. 1, 2001.|
TX Loc Govt Code § 303.078 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter C. Bonds|Section 303.078. Purchase of Sponsor Obligations

Sec. 303.078.  PURCHASE OF SPONSOR OBLIGATIONS.  A sponsor may sell its sponsor obligations to a corporation that the sponsor has created at public or private sale on the terms the governing body of the sponsor determines.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.101 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter D. Dissolution of Corporation|Section 303.101. Dissolution Authorized

Sec. 303.101.  DISSOLUTION AUTHORIZED.  After a corporation's bonds and other obligations are paid and discharged, or adequate provision is made for their payment and discharge, the sponsor's governing body by written resolution may authorize and direct the dissolution of the corporation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.102 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter D. Dissolution of Corporation|Section 303.102. Articles of Dissolution

Sec. 303.102.  ARTICLES OF DISSOLUTION.  (a)  Articles of dissolution on behalf of the corporation must be executed by:(1)  the president or vice president and the secretary or assistant secretary;  or(2)  the presiding officer of the sponsor's governing body and the secretary or clerk of that body.(b)  An officer signing the articles of dissolution must verify them.(c)  The articles of dissolution must include:(1)  the name of the corporation;(2)  the name and address of the sponsor;(3)  a statement that the dissolution was authorized by the sponsor's governing body;(4)  the date of the meeting at which the dissolution was authorized;(5)  a statement that all of the corporation's bonds and other obligations have been paid and discharged or that adequate provision has been made for their payment and discharge;  and(6)  a statement that no suit is pending in a court against the corporation or that adequate provision has been made for the satisfaction of any judgment, order, or decree that may be entered against the corporation in each pending suit.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.103 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter D. Dissolution of Corporation|Section 303.103. Certificate of Dissolution

Sec. 303.103.  CERTIFICATE OF DISSOLUTION.  (a)  The original and two copies of the articles of dissolution shall be delivered to the secretary of state.(b)  If the secretary of state finds that the articles of dissolution comply with this chapter and have been authorized by the sponsor's governing body, the secretary of state, on payment of the fees required by this chapter, shall:(1)  write "filed" on the original and each copy of the articles of dissolution and the month, day, and year of the filing;(2)  file the original in the office of the secretary of state;  and(3)  issue two certificates of dissolution with a copy of the articles of dissolution attached to each.(c)  The secretary of state shall deliver a certificate of dissolution, with a copy of the articles of dissolution attached, to the representative of the dissolved corporation and to the sponsor's governing body.(d)  The existence of the corporation ceases on the issuance of the certificate of dissolution, except for the purpose of suits, other proceedings, and appropriate corporate action by the directors and officers of the corporation as provided by this chapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.104 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter D. Dissolution of Corporation|Section 303.104. Extension of Duration

Sec. 303.104.  EXTENSION OF DURATION.  If a corporation is dissolved by expiration of its duration, the corporation may amend its articles of incorporation to extend its duration before the third anniversary of the date of dissolution.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.105 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter D. Dissolution of Corporation|Section 303.105. Vesting Property in Sponsoring Entity

Sec. 303.105.  VESTING PROPERTY IN SPONSORING ENTITY.  The title to all funds and other property owned by a corporation when it dissolves automatically vests in the corporation's sponsor without further conveyance, transfer, or other act.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.106 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter D. Dissolution of Corporation|Section 303.106. Rights, Claims, and Liabilities Before Dissolution

Sec. 303.106.  RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION.  (a)  The dissolution of a corporation by the expiration of its duration or by the issuance of a certificate of dissolution does not impair a remedy available to or against the corporation or a director or officer of the corporation for a right or claim existing or a liability incurred before the dissolution, if action or other proceeding on the remedy is begun before the third anniversary of the date of the dissolution.(b)  The action may be prosecuted or defended by the corporation in its corporate name.(c)  The directors and officers may take corporate or other action as appropriate to protect the remedy, right, or claim.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.121 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter E. Administration by Secretary of State|Section 303.121. Administration of Chapter

Sec. 303.121.  ADMINISTRATION OF CHAPTER.  The secretary of state may act as reasonably necessary to efficiently administer this chapter and to perform the duties imposed by this chapter. |Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|
TX Loc Govt Code § 303.122 (2021)
2021 Texas Statutes|Local Government Code|Title 9 - Public Buildings and Grounds|Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government|Chapter 303 - Public Facility Corporations|Subchapter E. Administration by Secretary of State|Section 303.122. Fees

Sec. 303.122.  FEES.  (a)  The secretary of state shall charge and collect fees for:(1)  filing articles of incorporation and issuing two certificates of incorporation;(2)  filing articles of amendment and issuing two certificates of amendment;(3)  filing a statement of change of address of registered office or change of registered agent or both;(4)  filing restated articles of incorporation and issuing two restated certificates of incorporation;  and(5)  filing articles of dissolution.(b)  The fees are in the amounts charged by the secretary of state for the respective filings and issuances under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.|