Sec. 374.022.  CREATION OF URBAN RENEWAL AGENCY.  (a)  An urban renewal agency created in a municipality is a public body corporate and politic.
(b)  An urban renewal agency may not transact business or exercise any powers under this chapter until the governing body of the municipality:
(1)  adopts a resolution as provided by Section 374.011;  and
(2)  elects to exercise urban renewal project power through an urban renewal agency as provided by Section 374.021(a).
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.