10 | 4 | | AN ACT |
---|
11 | 5 | | relating to qualified nonprofit corporations acting for and on |
---|
12 | 6 | | behalf of two or more cities. |
---|
13 | 7 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
---|
14 | 8 | | SECTION 1. Subchapter C, Chapter 53B, Education Code, is |
---|
15 | 9 | | amended by adding Section 53B.48 to read as follows: |
---|
16 | 10 | | Sec. 53B.48. QUALIFIED NONPROFIT CORPORATION ACTING FOR OR |
---|
17 | 11 | | ON BEHALF OF TWO OR MORE CITIES. (a) A qualified nonprofit |
---|
18 | 12 | | corporation described by Section 53B.47(e) that has agreed to |
---|
19 | 13 | | exercise the powers enumerated under Section 53B.47 for and on |
---|
20 | 14 | | behalf of two or more cities may withdraw from acting for and on |
---|
21 | 15 | | behalf of any of those cities if the governing body of the |
---|
22 | 16 | | applicable city consents to the withdrawal and rescinds its earlier |
---|
23 | 17 | | request that the nonprofit corporation act for and on behalf of the |
---|
24 | 18 | | city. A nonprofit corporation that completes a withdrawal |
---|
25 | 19 | | described by this subsection continues to act under the authority |
---|
26 | 20 | | of Section 53B.47(e) for and on behalf of the remaining city or |
---|
27 | 21 | | cities. |
---|
28 | 22 | | (b) Following the qualified nonprofit corporation's |
---|
29 | 23 | | withdrawal under this section from acting for and on behalf of a |
---|
30 | 24 | | city: |
---|
31 | 25 | | (1) the applicable city is no longer: |
---|
32 | 26 | | (A) entitled to participate in the appointment or |
---|
33 | 27 | | removal of a member of the board of directors of the nonprofit |
---|
34 | 28 | | corporation under Section 53B.47(e); or |
---|
35 | 29 | | (B) authorized or required to participate in the |
---|
36 | 30 | | approval of the issuance of revenue bonds or other borrowings by the |
---|
37 | 31 | | nonprofit corporation under Section 53B.47(a); and |
---|
38 | 32 | | (2) members of the board of directors of the nonprofit |
---|
39 | 33 | | corporation who were appointed by that city are no longer |
---|
40 | 34 | | considered to be qualified directors of the nonprofit corporation. |
---|
41 | 35 | | (c) A qualified nonprofit corporation that withdraws from |
---|
42 | 36 | | acting for and on behalf of a city may change the size of its board |
---|
43 | 37 | | of directors to reflect the withdrawal, provided that its bylaws at |
---|
44 | 38 | | all times require at least three directors. The governing body or |
---|
45 | 39 | | bodies of the city or cities for and on behalf of which the |
---|
46 | 40 | | nonprofit corporation continues to act retain the power to: |
---|
47 | 41 | | (1) appoint and remove the directors of the nonprofit |
---|
48 | 42 | | corporation as provided by Section 53B.47(e); and |
---|
49 | 43 | | (2) approve the issuance of revenue bonds or other |
---|
50 | 44 | | borrowings by the nonprofit corporation as provided by Section |
---|
51 | 45 | | 53B.47(a). |
---|
52 | 46 | | SECTION 2. This Act takes effect immediately if it receives |
---|
53 | 47 | | a vote of two-thirds of all the members elected to each house, as |
---|
54 | 48 | | provided by Section 39, Article III, Texas Constitution. If this |
---|
55 | 49 | | Act does not receive the vote necessary for immediate effect, this |
---|
56 | 50 | | Act takes effect September 1, 2015. |
---|
57 | | - | * * * * * |
---|
| 51 | + | ______________________________ ______________________________ |
---|
| 52 | + | President of the Senate Speaker of the House |
---|
| 53 | + | I certify that H.B. No. 3245 was passed by the House on April |
---|
| 54 | + | 16, 2015, by the following vote: Yeas 146, Nays 0, 2 present, not |
---|
| 55 | + | voting. |
---|
| 56 | + | ______________________________ |
---|
| 57 | + | Chief Clerk of the House |
---|
| 58 | + | I certify that H.B. No. 3245 was passed by the Senate on May |
---|
| 59 | + | 20, 2015, by the following vote: Yeas 31, Nays 0. |
---|
| 60 | + | ______________________________ |
---|
| 61 | + | Secretary of the Senate |
---|
| 62 | + | APPROVED: _____________________ |
---|
| 63 | + | Date |
---|
| 64 | + | _____________________ |
---|
| 65 | + | Governor |
---|