Sec. 431.110. COMPETITIVE BIDDING EXCEPTION FOR CERTAIN IMPROVEMENTS. Any competitive bidding requirement or restriction on a local government that created a local government corporation does not apply to an expenditure by the local government corporation for:
(1) an improvement:
(A) that is constructed in a reinvestment zone; and
(B) the construction of which is managed by a private venture participant; or
(2) an improvement constructed by the corporation for which more than 50 percent of the construction is funded by a private entity.
Added by Acts 2007, 80th Leg., R.S., Ch. 1213 (H.B. 1886), Sec. 16, eff. September 1, 2007.
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