H.B. No. 479
AN ACT
relating to the location of board meetings of certain economic
development corporations.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 504.054, Local Government Code, is
amended to read as follows:
Sec. 504.054. LOCATION OF BOARD MEETINGS. (a) Except as
provided by Subsection (b), the [The] board of directors of a Type A
corporation shall conduct each board meeting within the boundaries
of the authorizing municipality.
(b) If the authorizing municipality is located in a county
with a population of less than 30,000, the board of directors of a
Type A corporation may conduct a board meeting within the
boundaries of the county.
SECTION 2. Section 505.055, Local Government Code, is
amended to read as follows:
Sec. 505.055. LOCATION OF BOARD MEETINGS. (a) Except as
provided by Subsection (b), the [The] board of directors of a Type B
corporation shall conduct all meetings within the boundaries of the
authorizing municipality.
(b) If the authorizing municipality is located in a county
with a population of less than 30,000, the board of directors of a
Type B corporation may conduct a board meeting within the
boundaries of the county.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2011.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 479 was passed by the House on April
7, 2011, by the following vote: Yeas 144, Nays 0, 1 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 479 was passed by the Senate on May
17, 2011, by the following vote: Yeas 31, Nays 0
.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor