Texas § TN.451.101 - BOARD POWERS
Full text of Texas The Texas Constitution § TN.451.101 — BOARD POWERS, with citation guidance and answers to common questions.
§ TN.451.101. BOARD POWERS
BOARD POWERS. A board may: (1) employ a general manager and other persons necessary for the conduct of the affairs of the authority, including operating or management companies; (2) prescribe the duties, compensation, and tenure of persons employed; (3) remove an employee; (4) adopt a seal for the authority; (5) set the fiscal year for the authority; (6) establish a complete system of accounts for the authority; (7) invest the funds of the authority in direct or indirect obligations of the United States, this state, or a political subdivision of this state; (8) purchase, with funds of the authority, certificates of deposit of state or national banks or savings and loan associations in this state if the certificates are secured in the same manner that the funds of a county of this state are required to be secured; (9) designate by resolution an authorized representative of the authority to, according to terms prescribed by the board: (A) invest authority funds; and (B) withdraw money from authority accounts for investments; and (10) designate by resolution an authorized representative of the authority to supervise the substitution of securities pledged to secure authority funds. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Frequently Asked Questions About Texas § TN.451.101
What does The Texas Constitution § TN.451.101 cover?
Section TN.451.101 ("BOARD POWERS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TN.451.101?
A common citation format is "The Texas Constitution § TN.451.101" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TN.451.101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.