Section 337.015 - Limitation on Corporate Purposes(a) A municipality or county that creates a corporation may limit the corporation's purposes in the proceedings directing the creation of the corporation by prohibiting the corporation from financing particular types of cultural facilities, including a cultural facility to be used for a purpose specified in the proceedings.(b) As a condition of providing financing, a corporation may restrict a person receiving financing from using a cultural facility for a particular purpose.(c) A restriction imposed by a municipality or county on a corporation may be enforced by the governing body of the sponsoring entity by injunction or mandamus.(d) A violation of a restriction by a corporation may not impair the validity of an obligation incurred by the corporation.Tex. Loc. Gov't. Code § 337.015
Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 324,Sec. 20.004, eff. 9/1/2017.