- (a) An urban renewal agency created in a municipality is a public body corporate and politic.
(b) An urban renewal agency may not transact business or exercise any powers under this chapter until the governing body of the municipality:
- (1) adopts a resolution as provided by Section 374.011; and
- (2) elects to exercise urban renewal project power through an urban renewal agency as provided by Section 374.021(a).
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.