Texas Local Government Code 501.002 – Definitions
Terms Used In Texas Local Government Code 501.002
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
In this subtitle:
(1) “Authorizing unit” means the unit that authorizes the creation of a corporation under this subtitle.
(2) “Board of directors” means the board of directors of a corporation.
(3) “Bonds” includes evidences of indebtedness, including bonds and notes.
(4) “Corporate headquarters facilities” means buildings proposed for construction or occupancy as the principal office for a business enterprise’s administrative and management services.
(5) “Corporation” means a corporation organized under this subtitle.
(6) “Cost,” with respect to a project, has the meaning assigned by § 501.152.
(7) “County alliance” means two or more counties that jointly authorize the creation of a corporation under this subtitle.
(8) “District” means a conservation and reclamation district established under § 59, Article XVI, Texas Constitution.
(9) “Economic development office” means the Texas Economic Development and Tourism Office within the office of the governor.
(10) “Governing body” means the commissioners court of a county or the governing body of a municipality or district.
(11) “Institution of higher education” has the meaning assigned by § 61.003, Education Code.
(12) “Primary job” means:
(A) a job that is:
(i) available at a company for which a majority of the products or services of that company are ultimately exported to regional, statewide, national, or international markets infusing new dollars into the local economy; and
(ii) included in one of the following sectors of the North American Industry Classification System (NAICS):
| NAICS Sector # | Description | ||
| 111 | Crop Production | ||
| 112 | Animal Production | ||
| 113 | Forestry and Logging | ||
| 11411 | Commercial Fishing | ||
| 115 | Support Activities for Agriculture and Forestry | ||
| 211-213 | Mining | ||
| 221 | Utilities | ||
| 311-339 | Manufacturing | ||
| 42 | Wholesale Trade | ||
| 48-49 | Transportation and Warehousing | ||
| 51 (excluding 512131 and 512132) | Information (excluding motion picture theaters and drive-in motion picture theaters) | ||
| 523-525 | Securities, Commodity Contracts, and Other Financial Investments and Related Activities; Insurance Carriers and Related Activities; Funds, Trusts, and Other Financial Vehicles | ||
| 5413, 5415, 5416, 5417, and 5419 | Architectural, Engineering, and Related Services; Computer System Design and Related Services; Management, Scientific, and Technical Consulting Services; Scientific Research and Development Services; Other Professional, Scientific, and Technical Services | ||
| 551 | Management of Companies and Enterprises | ||
| 56142 | Telephone Call Centers | ||
| 922140 | Correctional Institutions; or |
(B) a job that is included in North American Industry Classification System (NAICS) sector number 928110, National Security, for the corresponding index entries for Armed Forces, Army, Navy, Air Force, Marine Corps, and Military Bases.
(13) "Project" means a project specified as such under Subchapter C.
(14) "Resolution" means a resolution, order, ordinance, or other official action by the governing body of a unit.
(15) "Type A corporation" means a corporation governed by Chapter 504.
(16) "Type B corporation" means a corporation governed by Chapter 505.
(17) "Unit" means a municipality, county, or district that may create and use a corporation under this subtitle.