Tex.
Local Gov't Code Section 507.051
Board of Directors
(a)
A spaceport development corporation is governed by a board of seven directors.(b)
If a single county authorizes the creation of a spaceport development corporation, the commissioners court of the county shall appoint the directors of the corporation. If a single municipality authorizes the creation of a spaceport development corporation under Section 507.003 (Authority to Create Corporation by Eligible Entities)(2), the governing body of the municipality shall appoint the directors of the corporation.(b-1)
If more than one political subdivision authorizes the creation of a spaceport development corporation, the governing bodies of the political subdivisions shall appoint the directors through written agreement between the governing bodies.(c)
Each director serves a two-year term that expires June 1 of each odd-numbered year, except that three or four of the initial directors may serve a one-year term so that the terms may be staggered in the future.
Source:
Section 507.051 — Board of Directors, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.507.htm#507.051 (accessed Apr. 29, 2024).
