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.