Tex. Transp. Code § 463.101 · Subchapter C. MANAGEMENT OF AUTHORITY
POWERS AND AUTHORITY OF EXECUTIVE COMMITTEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The executive committee may:
(1) employ and prescribe the compensation for a chief executive officer whom the committee may designate as the general manager or the executive director;
(2) appoint auditors and attorneys and prescribe their duties, compensation, and tenure;
(3) adopt a seal for the authority;
(4) set the fiscal year for the authority;
(5) establish a complete system of accounts for the authority;
(6) designate by resolution an authorized representative of the authority to, according to terms prescribed by the executive committee:
(A) invest authority funds; and
(B) withdraw money from authority accounts for investments; and
(7) designate by resolution an authorized representative of the authority to supervise the substitution of securities pledged to secure authority funds.
(b) The executive committee is the local designated recipient of funds committed to the authority by the federal government.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 151 (H.B. 71), Sec. 1, eff. May 24, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.463.htm
- Text hash
- sha256 1e098841e78bfbe5f45a41b856aa1f4564a786ba5d9abf3976950fb7d780b877
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Transp. Code § 463.101. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.