1. (a) Subject to Subsection (b), actions of the board must be approved by the affirmative vote of a quorum of the board.

2. (b) Action on the following matters requires approval by a majority of the total membership of the board:

   1. (1) adoption of bylaws or rules for conduct of the business of the land bank for which the board serves;
   2. (2) hiring or firing of any employee or contractor of the land bank for which the board serves;
   3. (3) incurring debt;
   4. (4) adoption or amendment of the annual budget; and
   5. (5) sale, lease, encumbrance, or alienation of or improvements to real or personal property with a value of more than $50,000.
3. (c) By majority vote, the board may delegate the hiring and firing of employees and contractors to a specific officer or committee of the land bank for which the board serves, under terms and to the extent specified by the board.
4. (d) A board member may not vote by proxy.
5. (e) A board member may request a recorded vote on any resolution or action of the land bank.

Added by Acts 2021, 87th Leg., R.S., Ch. 780 (S.B. 1679), Sec. 1, eff. September 1, 2021.