· Precursor
Amarillo Local Government Corporation organized
The LGC was organized in March 2011 as a public nonprofit corporation under Subchapter D of Chapter 431 of the Texas Transportation Code to act on the City's behalf in downtown development. Its seven directors are appointed by the City Council, which approves its budget and projects; the City is its fiscal agent and keeps its accounting records.[1]
Amarillo Local Government Corporation (LGC)
What the sources say
- ✓ Verified
The LGC was organized in March 2011 under Subchapter D of Chapter 431 of the Texas Transportation Code and Chapter 22 of the Business Organizations Code; it is governed by a seven-member board appointed by the City Council, which approves its operating budget and projects, and the City serves as its fiscal agent. The City's annual report presents it as a discretely presented component unit.[1]
- Board members
- 7