Management of Project

Sec. 283.102. MANAGEMENT OF PROJECT. (a) A bond instrument may allow the project to be managed and controlled by a board of trustees while the bonds issued are outstanding. (b) The bond instrument in providing for a board of trustees must: (1) name no more than five board members; (2) provide the manner of appointment; and (3) specify the powers and duties of the board. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.