10 Tex. Admin. Code § 190.3 – Ex Officio Duties; Officers

(a) The members of the board shall serve ex officio as the directors of the following nonprofit corporations:
1. (1) The members of the board serve ex officio as the board of directors of the Texas Small Business Industrial Development Corporation.
  1. (A) The board of directors shall appoint the officers of TSBIDC by majority vote.
  2. (B) The officers shall consist of a president, vice president, secretary, and treasurer.
  3. (C) One person may serve as both secretary and treasurer.
  4. (D) Members of the board, employees of the department, or any other individuals deemed qualified by the board may be appointed as officers of TSBIDC.
2. (2) The board of directors of TSBIDC shall appoint the board of directors of TEXCAP by majority vote.
  1. (A) The board of directors of TEXCAP shall elect officers by majority vote.
  2. (B) The officers shall consist of a president, vice president, secretary, and treasurer, in accordance with the bylaws of the corporation.
  3. (C) Members of the board, employees of the department, or any other individuals deemed qualified by the board may be appointed as officers of TEXCAP.
3. (3) The members of the board shall serve ex officio as the Board of Directors of the Texas Economic Development Corporation.
  1. (A) The board shall appoint the officers of TEDC by majority vote.
  2. (B) The officers shall consist of a president, vice president, secretary, and treasurer.
  3. (C) The president of the board shall serve as the president of TEDC.
  4. (D) The vice chair of the board shall serve as the vice president of TEDC.
  5. (E) The secretary of the board shall serve as the secretary of TEDC.
  6. (F) The treasurer of TEDC shall be elected from the remaining board members.
(b) The corporations' directors and officers shall receive no compensation for their services. They may receive reimbursement for actual and necessary travel expenses, subject to any applicable limitation on reimbursement provided by the General Appropriations Act or other law, if and when deemed advisable and feasible by the board.

Source Note:The provisions of this §190.3 adopted to be effective March 4, 1998, 23 TexReg 1941.