(a) Open Meetings and Public Information.
  (1) A corporation is subject to the Open Meetings Act, Government Code, Chapter 551.
    (A) Except as provided in subparagraph (B) of this paragraph, the Board shall file notice of each meeting of the board in the same manner and in the same location as is required of a state governmental body under Chapter 551, Government Code.
    (B) If the commission designates an area of the state in which a corporation may act on behalf of the commission, the board shall file notice of each meeting of the board in the same manner and the same location as is required of a governmental body under Government Code, §551.053.
  (2) The Board is subject to the Public Information Act, Government Code, Chapter 552.
(b) Texas Non-Profit Corporation Act. The Texas Non-Profit Corporation Act applies to a transportation corporation to the extent that the provisions of that Act are not inconsistent with provisions of the Transportation Corporation Act, Transportation Code, Chapter 431, and this subchapter.
(c) Internal ethics and compliance program. A corporation shall adopt an internal compliance and ethics program that satisfies the requirements of §10.51 of this title (relating to Internal Ethics and Compliance Program) before the later of:
  (1) January 1, 2010; or
  (2) the first anniversary of the date on which the corporation is created.
(d) Enforcement of compliance program. A corporation shall enforce compliance with the internal compliance and ethics program adopted under subsection (c) of this section.

Source Note: The provisions of this §15.92 adopted to be effective January 1, 1997, 21 TexReg 11828; amended to be effective February 19, 2009, 34 TexReg 1107; amended to be effective January 6, 2011, 35 TexReg 11959