A subregional board created under Subchapter O that governs an authority consisting of one subregion may not, except by a two-thirds vote of the board:(1) issue any debt allowed by law;(2) enter a lease as lessee or financing agreement as obligor if the lease or agreement is secured by the other assets of the authority;(3) effect a major change as described by Section 452.303 in a service plan;(4) approve the financial plan for the authority; or(5) enter an agreement under Section 452.055(c). Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Texas Legal Code