A Type B corporation may spend not more than 10 percent of the corporate revenues for promotional purposes.
Tex. Loc. Gov't Code § 505.103
LIMITATION ON USE OF REVENUES FOR PROMOTIONAL PURPOSES
Known as the Development Corporation Act
The act spans §§ 501.001 to 507.202 (255 sections).
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, 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.