Tex. Local Gov't Code Section 505.103
Limitation on Use of Revenues for Promotional Purposes


A Type B corporation may spend not more than 10 percent of the corporate revenues for promotional purposes.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.

Source: Section 505.103 — Limitation on Use of Revenues for Promotional Purposes, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­505.­htm#505.­103 (accessed Jun. 5, 2024).

505.001
Definition
505.002
Applicability of Chapter
505.003
Authority to Create Corporation
505.004
Contents of Certificate of Formation
505.005
Corporation Not Subject to Certain Provisions
505.051
Board of Directors
505.052
Restriction on Board Membership
505.053
Officers
505.054
Quorum
505.055
Location of Board Meetings
505.056
Restrictions on Registered Agent and Office
505.101
Applicability of Other Law
505.102
Contract with Other Private Corporation
505.103
Limitation on Use of Revenues for Promotional Purposes
505.104
Bond Repayment
505.105
Eminent Domain
505.106
Liability
505.151
Authorized Projects
505.152
Projects Related to Recreational or Community Facilities
505.153
Projects Related to Affordable Housing
505.154
Projects Related to Water Supply Facilities and Water Conservation Programs
505.155
Projects Related to Business Enterprises that Create or Retain Primary Jobs
505.156
Projects Related to Business Enterprises in Certain Municipalities
505.157
Projects Related to Business Enterprises in Landlocked Communities
505.158
Projects Related to Business Development in Certain Small Municipalities
505.159
Hearing Required to Undertake Project
505.160
Election Required for Project
505.161
Public Purpose Designation
505.201
Definitions
505.202
Election: Use of Tax Proceeds for Sports Venue Projects
505.203
Public Hearing Preceding Election
505.204
Limitation on Subsequent Election
505.205
Subsequent Approval of Additional Projects
505.206
Effect of Subchapter on Election Authority
505.251
Tax Authorized
505.252
Sales Tax
505.253
Use Tax
505.254
Specification of Tax Rate on Ballot
505.255
Adoption of Tax at Election to Reduce or Abolish Tax for Type a Corporation
505.256
Applicability of Tax Code
505.257
Reduction of Tax Within Regional Transportation Authority
505.258
Cessation of Collection of Taxes
505.259
Election Requirement for Certain Municipalities
505.301
Delivery of Tax Proceeds
505.302
Payment of Project Costs, Bonds, or Other Obligations
505.303
Payment of Maintenance and Operating Costs
505.304
Payment for Certain Water-related Projects: Election Required
505.305
Payment for Cleanup of Contaminated Property
505.351
Applicability of Subchapter
505.352
Election to Terminate Existence of Corporation on Petition
505.353
Ballot
505.354
Termination of Existence of Corporation
505.355
Election Rejecting Termination
505.1041
Appraisal Required Before Purchase of Property with Bond Proceeds
505.1561
Projects Related to Airport Facilities in Certain Municipalities
505.2565
Limitation on Duration of Tax
505.2566
Election to Reduce or Increase Tax Rate
505.2575
Limited Sales and Use Tax for Specific Project

Accessed:
Jun. 5, 2024

§ 505.103’s source at texas​.gov