Texas § LG.501.002 - DEFINITIONS

§ LG.501.002. DEFINITIONS

DEFINITIONS. 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 Section 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 Section 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 Section 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. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.