{"data":{"id":"us-tx/tex.-local-government-code-303.043","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 303.043","heading":"NET EARNINGS.","body":"No part of a corporation's net earnings remaining after payment of its bonds and expenses in accomplishing its public purpose may benefit a person other than the sponsor of the corporation.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.","path":["LOCAL GOVERNMENT CODE","TITLE 9. PUBLIC BUILDINGS AND GROUNDS","SUBTITLE C. PUBLIC BUILDING PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 303. PUBLIC FACILITY CORPORATIONS","SUBCHAPTER B. CREATION AND OPERATION OF PUBLIC FACILITY CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.303.htm#303.043","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"4e0337c85622af9f0b0115b34d1a3e523b2f5c16f687d05beacd5e739e4ead94","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-303.0426","next":"us-tx/tex.-local-government-code-303.044"},"notice":"GroundRules: Original legal text. Not legal advice."}