Relating to the authority of a development corporation created by the Gulf Coast Authority to finance certain projects.
What changed between versions
Added new financing categories for telecommunications service facilities, equipment, and features including subscriber numbers and billing systems.
Added authority to finance periodic acquisition of natural gas or electricity for users.
Expanded authority to finance facilities, activities, or undertakings that local governments are authorized to support, even if they don't meet standard Chapter 501 project criteria.
Granted the development corporation all powers of a public facility corporation under Chapter 303 for acquiring natural gas or electricity.
Reorganized attorney general submission requirements for out-of-state projects, clarifying the 12-day window for requesting records.
Added new provision stating that out-of-state projects meeting business development criteria and Texas Economic Development Office standards are considered sufficient for project approval.
Revised references to Local Government Code sections that do not apply to the development corporation, updating section numbers and scope.