(a) The board may conduct a closed meeting in accordance with Subchapter E, Chapter 551, to deliberate or confer with one or more employees, consultants of the commission, or legal counsel of the commission to discuss:
(1) a grant application being considered by the board if, before conducting the closed meeting, a majority of the voting members of the board in an open meeting vote that deliberating or conferring in an open meeting would:
(A) reveal the grant applicant's confidential information;
(B) reveal national security information; or
(C) have a detrimental effect on the position of the commission in negotiations with a grant applicant; or
(2) a matter related to:
(A) the establishment of an office, base, or major facility in this state by the United States Department of Defense or the National Aeronautics and Space Administration; or
(B) an economic incentive a governmental body may offer to a private entity or nonprofit organization to meet a match requirement or other requirement established by the United States Department of Defense or the National Aeronautics and Space Administration in relation to grants or strategic endeavors.
(b) Notwithstanding any other law, the commission may disclose a matter discussed under Subsection (a)(2) with any state agency if the presiding officer of the board determines it necessary to accomplish the establishment of an office, base, or major facility in this state by the United States Department of Defense or the National Aeronautics and Space Administration.
(c) Any vote or final action taken on a matter described by Subsection (a)(1) or (2) must be conducted in an open meeting.