Texas § 452.101 EXECUTIVE COMMITTEE: POWERS.

Texas Statutes

§ 452.101 — EXECUTIVE COMMITTEE: POWERS.

Texas § 452.101

Code TNTransportation Code

This text of Texas § 452.101 (EXECUTIVE COMMITTEE: POWERS.) 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. § 452.101 (2026).

Text

Sec. 452.101. EXECUTIVE COMMITTEE: POWERS. The executive committee may:

(1)employ and prescribe the compensation for a chief executive officer whom the committee may designate as the general manager or the executive director;

(2)appoint auditors and attorneys and prescribe their duties, compensation, and tenure;

(3)adopt a seal for the authority;

(4)set the fiscal year for the authority;

(5)establish a complete system of accounts for the authority;

(6)designate by resolution an authorized representative of the authority to, according to terms prescribed by the executive committee:

(A)invest authority funds; and

(B)withdraw money from authority accounts for investments; and

(7)designate by resolution an authorized representative of the authority to supervise the substitution of sec

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Sec. 452.101. EXECUTIVE COMMITTEE: POWERS. The executive committee may:
(1) employ and prescribe the compensation for a chief executive officer whom the committee may designate as the general manager or the executive director;
(2) appoint auditors and attorneys and prescribe their duties, compensation, and tenure;
(3) adopt a seal for the authority;
(4) set the fiscal year for the authority;
(5) establish a complete system of accounts for the authority;
(6) designate by resolution an authorized representative of the authority to, according to terms prescribed by the executive committee:
(A) invest authority funds; and
(B) withdraw money from authority accounts for investments; and
(7) designate by resolution an authorized representative of the authority to supervise the substitution of securities pledged to secure authority funds.