A corporation may, as authorized by the corporation's board of directors, spend tax revenue received under this subtitle for the development, improvement, expansion, or maintenance of facilities relating to the operation of commuter rail, light rail, or motor buses.
Tex. Loc. Gov't Code § 502.052
USE OF TAX REVENUE FOR MASS TRANSIT-RELATED FACILITIES
Known as the Development Corporation Act
The act spans §§ 501–507 (255 sections).
Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 15.013(b), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.