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Texas Business & Commerce Code

§ 671.102 — USE OF MONEY

BC § 671.102Title 15. CURRENCY AND TRADE · Part B. PORT OF ENTRY AUTHORITIES · Ch. 671. CITY OF LAREDO PORT OF ENTRY AUTHORITY · Art. C. POWERS AND DUTIES

Statute text

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The authority may use the money collected under this chapter as the board determines appropriate only for the development and promotion of international trade. The authority must obtain the approval of the governing body before any expenditure of money.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 671.102 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.