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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Subject to Subsection (b), actions of the board must be approved by the affirmative vote of a quorum of the board.
(b) Action on the following matters requires approval by a majority of the total membership of the board:
(1) adoption of bylaws or rules for conduct of the business of the land bank for which the board serves;
(2) hiring or firing of any employee or contractor of the land bank for which the board serves;
(3) incurring debt;
(4) adoption or amendment of the annual budget; and
(5) sale, lease, encumbrance, or alienation of or improvements to real or personal property with a value of more than $50,000.
(c) By majority vote, the board may delegate the hiring and firing of employees and contractors to a specific officer or committee of the land bank for which the board serves, under terms and to the extent specified by the board.
(d) A board member may not vote by proxy.
(e) A board member may request a recorded vote on any resolution or action of the land bank.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 379H.054. Board Actions - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-379h-054/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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