Tex. Codes » Local Government Code · TITLE 12. PLANNING AND DEVELOPMENT · SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT · CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS
Texas Codes

Tex. Loc. Gov't Code § 501.073 (2026)

Supervision By Authorizing Unit

✓ current as of May 2026
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Sec. 501.073. SUPERVISION BY AUTHORIZING UNIT. (a) The corporation's authorizing unit will approve all programs and expenditures of a corporation and annually review any financial statements of the corporation.

(b) A corporation's authorizing unit is entitled to access to the corporation's books and records at all times.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.

Notes of Decisions
Cited in 1 case, 2019–2019 · leading case: Rosenberg Dev. Corp. v. Imperial Performing Arts, Inc., 571 S.W.3d 738 (Tex. 2019).
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Rosenberg Dev. Corp. v. Imperial Performing Arts, Inc., 571 S.W.3d 738 (Tex. 2019). “Tex. Loc. Gov't Code § 501.073(a) ("The corporation's authorizing unit will approve all programs and expenditures of a corporation .”
— Tex. Loc. Gov't Code § 501.073(a) — 1 case
Rosenberg Dev. Corp. v. Imperial Performing Arts, Inc., 571 S.W.3d 738 (Tex. 2019). “Tex. Loc. Gov't Code § 501.073(a) ("The corporation's authorizing unit will approve all programs and expenditures of a corporation .”
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