Texas Statutes
§ 431.107 — INCOME OF LOCAL GOVERNMENT CORPORATION.
Texas § 431.107
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 431.107 (INCOME OF LOCAL GOVERNMENT CORPORATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Transportation Code Code Ann. § 431.107 (2026).
Text
Sec. 431.107. INCOME OF LOCAL GOVERNMENT CORPORATION.
(a)A local government creating a local government corporation is entitled at any time to receive any income earned by the local government corporation that is not needed to pay the corporation's expenses or obligations.
(b)The earnings of a local government corporation may not benefit a private interest.
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Related
Opinion No.
(Texas Attorney General Reports, 2001)
Legislative History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Nearby Sections
15
§ 431.001
SHORT TITLE.§ 431.002
PURPOSES; LIBERAL CONSTRUCTION.§ 431.003
DEFINITIONS.§ 431.004
OPEN MEETINGS.§ 431.005
OPEN RECORDS.§ 431.021
PURPOSE OF CORPORATION.§ 431.022
APPLICATION.§ 431.023
ADOPTION OF RESOLUTION.§ 431.024
FORM OF CORPORATION.§ 431.025
ARTICLES OF INCORPORATION.§ 431.028
BOARD.§ 431.029
ADVISORY DIRECTORS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 431.107, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/431.107.